Scrap prices down in Italy compared to December

Monday, 17 January 2022 16:51:15 (GMT+3)   |   Brescia
       

Scrap prices have declined in the Italian domestic market compared to mid-December. The largest decreases were sought by local rebar producers, though, according to a local scrap supplier, "None of them was able to buy significant volumes at such low prices." These declines were due to lower demand and the surge of energy prices, although “Italian mills in early January announced price increases for their finished steel products and these seem to have been accepted by their clients,” the supplier added. Meanwhile, scrap prices have recorded slight increases abroad, including in import prices in Turkey. For these reasons, the same source said he believes that the downtrend has come to an end. "Now we'll probably have stable prices until the end of the month, while I am expecting increases in February, as mills seem to have a lot of work on their hands,” he noted

Another source underlined that a few mills have not announced their purchase prices yet after coming back from the holidays as they will restart production activities only this week. He added, "It is true that energy prices are giving producers big problems, as is the pandemic, but there is not much scrap around, also due to the absence of people due to Covid infections. I also expect that the energy issue will be resolved thanks to an intervention by the government. In the absence of other exceptional events, steel mills should maintain their production stable or even increase it in the coming months, and so scrap prices should remain firm."


Similar articles

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

US iron and steel scrap exports down 12.9 percent in January

26 Mar | Steel News