Local Italian scrap market fluctuates as October starts

Friday, 06 October 2023 14:07:26 (GMT+3)   |   Istanbul

Average spot scrap prices in Italy have fluctuated over the past week, depending on the grade. Since Italian producers have followed diverse trends in their domestic scrap purchase prices, the price ranges for some grades are wide. 

Assofermet, the association representing Italian distributors of scrap, raw materials and steel products, commenting on the situation in the local Italian scrap market, stated, “Scrap supply is still shrinking and, as a result, merchants’ warehouses are emptier. Producers are ruling out a rebound in prices in the short term, and expectations for a recovery could be pushed back as far as next spring.” 

Quality   

Average spot price (€/mt)
October 5 

Average spot price (€/mt)
September 28 

  

Turnings (E5)   

250-275 

255-280 

  

HMS (E3)   

270-335 

285-335 

  

Shredded scrap (E40)   

310-350 

310-360 

  

Busheling (E8)    

310-345 

320-365 

  

Prices include delivery and exclude VAT.   

AyçaÖzbay
Ayça Özbay
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I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.

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