No real market price observed in Italy due to holidays

The local Italian scrap market has remained stable over the past week as most players are on holidays. One scrap supplier stated that they are busy meeting their commitments from previous deals done 20-25 days ago, adding, “Most steel plants have stopped but some of their stock yards are still open.” The scrap flow in the EU is disrupted by the holiday season and low river water levels, and collection prices are increasing day by day. As previously mentioned by SteelOrbis, this has prevented local scrap prices from falling during the holidays.

However, since scrap trading is currently much lower compared to usual levels, there is no real market price in Italy, which is expected to return from its holidays at the end of August.

Prices include delivery and exclude VAT.