Domestic scrap prices have increased slightly in the Italian market in the past two weeks. According to market sources, demand is good while supply is not high. Some local mills have agreed to increases of €5-10/mt as their stocks are low. One local supplier predicted that domestic scrap prices may record further increases before the end of April, while they may rise more significantly in May, mainly due to strong demand, but also due to predictions of a positive trend internationally.
Scrap prices in the Italian scrap market are at the following levels:
|
Quality |
Average spot price (€/mt) |
Change |
|
Turnings (E5) |
315-325 |
+7.5 |
|
HMS (E3) |
330-350 |
0 |
|
Shredded scrap (E40) |
355-370 |
+2.5 |
|
Busheling (E8) |
355-365 |
0 |
Prices include delivery and exclude VAT.