Slight rise in local Italian scrap market

Friday, 03 May 2024 13:39:15 (GMT+3)   |   Brescia

Although several steel mills and scrap traders are closed until next Monday due to the Labour Day holiday, local scrap prices in Italy have risen by €5-10/mt in some spot deals closed this week. According to sources, some producers who had so far resisted the increases have adjusted to the market prices, while others have raised them slightly out of necessity and in anticipation of larger increases in May. Further increases are in fact taken for granted by market sources due to the continuing shortage of scrap. All market participants are waiting for news on how demand for finished products will evolve in the short term, to understand the likely extent of the increases in raw material prices.

Quality  

Average spot price (€/mt)
May 3

Average spot price (€/mt)
April 26

Turnings (E5)  

335-345

325-340

HMS (E3)  

360-370

355-365

Shredded scrap (E40)  

380-400

375-395

Busheling (E8)   

380-400

375-395

Prices include delivery and exclude VAT.


Similar articles

US flat steel pricing mostly higher as mills raise pricing ahead of holiday scramble

20 Dec | Flats and Slab

Global View on Scrap: Prices in Turkey stabilize ahead of holidays, Asia still moving down

20 Dec | Scrap & Raw Materials

Local Turkish scrap market remains stable on lira basis

20 Dec | Scrap & Raw Materials

Turkey’s import scrap market remains stable for now

20 Dec | Scrap & Raw Materials

Vietnam’s import scrap market moves down ahead of holiday season

20 Dec | Scrap & Raw Materials

South Korea’s POSCO continue bidding for Japanese scrap

20 Dec | Scrap & Raw Materials

Mexican domestic scrap prices - week 51, 2024

20 Dec | Scrap & Raw Materials

Japanese scrap offers to Taiwan soften, US absent due to holidays

20 Dec | Scrap & Raw Materials

Local Italian scrap prices adjusted down further, uncertain outlook for January

20 Dec | Scrap & Raw Materials

Scrap metal exports from Mexico at 28-month high in October

20 Dec | Steel News