Prices remain stable in Italian scrap market

Friday, 19 June 2020 17:17:19 (GMT+3)   |   Brescia
       

No significant changes have been recorded in the Italian scrap market compared to June 10. According to local sources, scrap demand is low as "domestic mills are not working much due to low finished steel demand". However, there is a fine balance between local supply and demand. "Supply is low, while newly produced scrap is also still lacking due to slow manufacturing activity," underlined a local scrap trader. In this context, local scrap prices have trended sideways. According to the same source, it is hard to predict the future price trend, although it is more likely that a recovery will be witnessed only in September, after the usual summer holidays, when local steel production may also be stronger.

Average spot prices in the local Italian scrap market are as follows: 

Quality

Average spot price (€/mt)

Price Change (€/mt)

Shredded scrap (E40)

230 - 250

-

Busheling (E8) 

240 - 250

-

HMS (E1/E3)

210 - 225

-

Turnings (E5)

190 - 200

-

Prices include delivery and exclude VAT. Price changes were calculated as compared to June 10.

 


Similar articles

Mexican domestic scrap prices

28 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials

Turkey’s deep sea scrap prices stabilize at $385-390/mt CFR

28 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

Baltic countries and Czech Republic seek EU ban on ex-Russia scrap imports

27 Mar | Steel News