Local Italian scrap market fluctuates as October starts

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.” 

Prices include delivery and exclude VAT.