Scrap market in Netherlands continues to recover

Scrap market, which has been fluctuating across Europe, has started to show signs of recovery in the Netherlands. Sources told SteelRadar that while a turnover in the scrap market was expected especially after the second quarter, the recovery started earlier with the increase in green steel activities.

In early April, HMS 1/2 80:20 scrap in the Netherlands started trading at USD 353, down USD 6, on the back of a decline in overall steel products, and continued to decrease slightly. However, it rose by USD 2 to USD 356 entering the week of April 22, indicating that the expected revival in green activity is slowly starting.

SteelRadar data revealed that E40 grade scrap remained stable in Germany, while in a contrasting trend to the scrap markets, E3 grade scrap in Italy fell by EUR 7 on the back of new notable deals. These pricing conditions vary according to the order of priority for green activities, sources added.

Meanwhile, in the UK, HMS 1/2 80:20 scrap was reported to have risen to £250 basis after a sustained downward trend, with improvements following a stable domestic market.