Last week the Italian scrap market has shown great stability, with no significant changes in prices or demand.
According to the latest information collected, average prices in the Italian scrap market are as follows:
Quality |
Price (€/mt) Sept 21 |
Price ($/mt) |
Price (€/mt) Sept 14 |
HMS |
280-295 |
361-381 |
280-295 |
Shredded scrap |
310-325 |
400-419 |
310-325 |
Busheling scrap |
305-315 / 325 |
394-406/419 |
305-315 / 325 |
*Prices are delivered to customer, excluding VAT
According to market players, scrap demand from steel mills is low and it is not expected to increase unless the finished steel market does not recover. According to rumors, the crisis is being felt even in the Italian special steel sector, which was not impacted at the first step, and for this reason the price of finest quality scrap may see volatility in the near term.
On the other hand, scrap availability is poor in the yards and in September, the Italian scrap market has experienced a stagnation resulting from the achievement of a balance between supply and demand.
However, for October, the purchasing managers of steel mills will likely to seek reducing scrap prices by €15-20 ($19-26/mt), so they will have to deal with the limited amount of material available and with the prices in the northern Europe. According to the latest figures provided by German steel scrap recycler association (BDSV), in September domestic steel scrap prices in Germany recorded marginal increases of about €1-5/mt ($1-6/mt).
€1 = $1.29