The prices in the Italian ferrous scrap market are still the highest in Europe. Traders have returned their prices to thesummer levels over the past two weeks, compensating for the decline in prices started in late August. However, localmills have already booked all the material required to sustain production until December. This, along with a decline ofactivity in the Turkish market, has stabilized the prices. Furthermore, euro exchange rate fluctuations have affectedscrap prices in the US dollar terms. Thus, shredded scrap is priced at EUR 305/t ($416/t, EUR 1 = $1.3586, by $6/tdown from last week) CPT mill in the Italian market. Prices for HMS 1&2 (80:20) (E3) have risen to EUR 285-290/t($387-393/t) CPT mill against EUR 270-280/t ($372-386/t) CPT mill in early November.
展开▼
