According to SteelRadar data, HMS 1/2 (80:20) Dutch scrap prices started the new week with an increase of USD 7, rising from USD 350 to USD 358. Having hovered around USD 350 in the past weeks, prices reached USD 358 this week, continuing the upward trend. While this rise created a positive atmosphere in the scrap market, similar movements in other European countries did not go unnoticed.
There is a similar upward trend in the Benelux region. HMS 1/2 (80:20) Scrap prices, which traded between EUR 300-310 in late May and early June, started the new week with an increase of EUR 3, reaching EUR 313. This rise shows that the scrap market in the region remains buoyant.
The scrap market in Italy remains bullish on the back of local demand…
E3 Italian scrap prices, on the other hand, have seen a more pronounced increase. Prices, which have been on the rise since May, increased by EUR 18 last week and continued to trade at EUR 383 in the week to 10 June.
These fluctuations in scrap prices across Europe are shaped by global economic conditions, industrial demands and local market dynamics. While the increases observed in the Netherlands, Benelux and Italy indicate the vibrancy in the scrap sector, the stable situation in Germany shows that the market is driven by different dynamics.
The E40 German scrap market, on the other hand, is relatively stable. German E40 scrap prices, which have been trading at 368 EUR since May, maintained this level in the new week.
These developments provide important indicators for businesses and investors operating in the scrap market. How these changes in the market will evolve in the coming weeks stands out as an issue that needs to be closely monitored for the future of the scrap sector.
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