Domestic scrap prices are trending up in Italy according to most sources, on the back of good demand and scarce supply, especially for high-quality materials, due to lower collection activities. For the same reasons, scrap prices had already increased slightly in the second half of April. “Contracts for May have not been done yet,” one local trader told SteelOrbis, though he added that he is expecting scrap prices to increase by about €20/mt this month. Other sources agreed, also pointing both to the increasing production rates of local mills and the recent increase in import scrap prices in Turkey. Local prices should settle by the end of this week.
Scrap prices in the Italian scrap market are at the following levels:
Quality |
Average spot price (€/mt) |
Change |
Turnings (E5) |
320-330 |
+5 |
HMS (E3) |
340-350 |
+5 |
Shredded scrap (E40) |
370-380 |
+12.5 |
Busheling (E8) |
365-375 |
+10 |
Prices include delivery and exclude VAT.