Local Italian scrap market to settle within current week

Tuesday, 12 September 2023 14:41:47 (GMT+3)   |   Istanbul

The local Italian scrap market has not yet given any clear indication of its likely future trend. Market players think that prices may settle before the current week ends. According to market sources, domestic scrap prices for some grades declined by €10-20/mt over the last two weeks. One Italian market player commented, “The market seems stable and new deals may be done at higher levels, but we will understand the situation only by the end of the week.”

Quality  

Average spot price (€/mt)
September 12

Average spot price (€/mt)
August

Turnings (E5)  

255-280

255-280

HMS (E3)  

285-340

285-345

Shredded scrap (E40)  

320-360

315-345

Busheling (E8)   

320-370

320-366

Prices include delivery and exclude VAT.

AyçaÖzbay
Ayça Özbay
Editor
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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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