Italian
scrap consumers association Nuovo Campsider has said it expects that in the month of October
scrap prices will indicate decreases both in the local Italian market and in the overall European market. In September,
scrap prices were more or less stable in
Italy, though signs of weakening appeared in the last days of the month.
Nuovo Campsider's prediction for October is based on the continued weakness of the finished steel market, on the low levels of iron ore prices and on the decreases in
scrap prices in the global market.