ITALY FERROUS SCRAP: Domestic prices rise on tight supply

Domestic prices for ferrous scrap in Italy have jumped over the past month due to low scrap collection in Europe, sources told Fastmarkets on Friday May 15.

Fastmarkets’ monthly price assessment for steel scrap, No E8 (thin new production steel scrap), domestic, delivered mill Italy was €240-250 ($259-270) per tonne on May 15, up from €210-230 per tonne in the middle of April. The assessment is based on deals heard in the market.

Old scrap collection was tight in Italy due to Covid-19...

Published

Maria Tanatar

May 15, 2020

18:18 GMT

London