The downtrend of the local Italian scrap market has continued in the current week. With slower production rates, demand for scrap in the market is still sluggish. Generally, domestic scrap prices have decreased by €15/mt. Market players are pessimistic about the future trend in the local Italian scrap market. As SteelOrbis reported today, June 1, no improvement or uptick is seen in the southern European longs market, which continues to record declines albeit with a small number of confirmed orders.
As a result, SteelOrbis’ range of reference prices for local scrap prices in Italy are standing as below:
|
Quality |
Average spot price (€/mt) June 1 |
Average spot price (€/mt) May 26 |
|
Turnings (E5) |
285-305 |
300-320 |
|
HMS (E3) |
315-350 |
330-365 |
|
Shredded scrap (E40) |
345-385 |
360-400 |
|
Busheling (E8) |
340-360 |
355-375 |
Prices include delivery and exclude VAT.