Fastmarkets’ monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy
, was unchanged over the month at €220-240 ($258-281) per tonne on Friday October 16. The assessment was based on transactions heard in the market.
The decline of international scrap prices over the month had no effect on raw materials prices in Germany, sources told Fastmarkets.
“Global price decline was driven by deals for US-origin material. European suppliers did not accept lower export prices. They...