Local Italian scrap market to settle within current week

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.”

Prices include delivery and exclude VAT.