European scrap prices seen increasing significantly

New Italian scrap import contracts from other European countries are stable month-on-month, traders tell Kallanish.

Scrap import contracts are usually agreed between the tenth and 15th day of each month. This month Italian mills are paying €250/tonne ($296) delivered on average for the imported mixed grade new arising quality E8, in line with domestic E8. Some grades have remained stable compared to October, while the high-quality grades such as E8 increased by €10/t m-o-m, sources suggest.

Read more at EUROPEAN SCRAP PRICES SEEN INCREASING SIGNIFICANTLY.

 

 

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