Local Italian scrap market starts to soften, expectations negative

The local Italian scrap market has moved down over the past two weeks. Market players state that the mood in the market is negative and several sources expect a further decline in prices. While European steel producers have maintained a wait-and-see stance to monitor the trend of the international scrap market, they also add that finished steel demand is not in good shape. One Italian source said, “The [local Italian] market will be weak in May and prices will probably go down again.”

Currently, SteelOrbis’ range of reference prices for local scrap prices in Italy are standing as below: 

Prices include delivery and exclude VAT.