Local Italian scrap prices stable, sentiment positive

Local scrap prices in Italy have remained unchanged over the past week. However, according to several sources, an upward trend seems to be confirmed as mills that had not increased their purchase prices by €5-10/mt last week have done so in recent days. Market participants are therefore optimistic and expect further increases in May as new scrap continues to be hard to find and sellers' stocks are falling.

Supply and demand continue to be in balance, although mills are still struggling with sales of finished products and will reduce or stop production until May 1.

Prices include delivery and exclude VAT.

The Spanish scrap market has not seen any movement in terms of quotations this week either. A cautious attitude continues to prevail among market participants, although sources report a slight increase in demand compared to supply.

Prices include delivery and exclude VAT.