Domestic scrap prices in Italy have remained in a wide range and relatively unchanged over the month of October. Market players report that finished steel demand in the country is sluggish, allowing no room for higher price levels. On the other hand, some producers who are maintaining their capacity utilization rates are providing support for the lower end of scrap quotations.
Meanwhile, E3 grade scrap prices in France have remained in the range of €300-325/mt delivered in October, according to the data provided by Italian scrap consumers association Nuovo Campsider.
As a result, SteelOrbis’ reference price ranges for local scrap in Italy are as below:
|
Quality |
October average spot price (€/mt) |
|
Turnings (E5) |
265-280 |
|
HMS (E3) |
280-333 |
|
Shredded scrap (E40) |
310-356 |
|
Busheling (E8) |
315-359 |
Prices include delivery and exclude VAT.