Over the past week, no significant change has been observed in local Italian domestic scrap market and spot prices have trended sideways. Market sources state that demand is not strong, but mills are receiving the volumes they have already bought this month. As a result, nothing is expected to change in the coming few weeks as the summer holidays are approaching.
Average spot prices in the local Italian scrap market are as follows:
|
Quality |
Average spot price (€/mt) |
|
Turnings (E5) |
250-260 ($293-304/mt) |
|
HMS (E1/E3) |
275-285 ($322-333/mt) |
|
Shredded scrap (E40) |
305-310 ($357-363/mt) |
|
Busheling (E8) |
300-310 ($351-363/mt) |
Prices include delivery and exclude VAT.
€1 = $1.17