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Kallanish Kallanish

Knowledge matters Knowledge matters

July, 18th 2019

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FEB 26
11:42

Italian scrap market slows on uncertainty

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The Italian scrap market is going through a period of uncertainty and extremely low demand. Recently-anticipated price increases may not happen because Turkish scrap values have declined since late last week.

Sources tell Kallanish that mills have significantly decreased their purchasing volumes and are tending to offer €5/tonne ($5.6/t) less compared to last week. Market activity is at its lowest level since the beginning of the month and mills are continuing to stall their purchases, the sources suggest.

As this uncertainty affects market visibility, prices remain stable on those of last week. E8 new arisings grade remains at €285-290/t for the mixed quality and €10/t for the higher grade. E3 demolition grade is at €250-260/t delivered while there is shortage of the higher E1 grade. E40 remains at €290/t delivered on average, sources suggest.