During the past week, domestic scrap prices in Italy have remained stable. Buyers are not under any great pressure to purchase scrap at present, while the market is waiting to observe Turkish mills' scrap purchase strategy in the short term to understand the future trend of international scrap prices.
Average spot prices in the local Italian scrap market are as follows:
Quality |
Average spot price (€/mt) |
Turnings (E5) |
200 ($214/mt) |
HMS (E1/E3) |
220-225 ($235-241/mt) |
Shredded scrap (E40) |
230-235 ($246-249/mt) |
Busheling (E8) |
230 ($246/mt) |
Prices include delivery and exclude VAT.
€1 = $1.07