Scrap market is recovering in the Netherlands

Sources told SteelRadar that the scrap market is expected to recover after the second quarter, but the recovery has started early as green steel activity in Europe has recently gained momentum.

Demand for scrap, which has a stable or negative price trend, is also reported to have increased, while prices for the Netherlands have also increased in direct parallel with the growing demand. In the Netherlands, one of the regions where 'green' preparations have been concentrated recently, a slight increase of 2 USD was recorded for HMS 1/2 (80:20) as of the week of March 25, starting the week at 351 USD.

As the week came to an end, HMS 1/2 (80:20), which started trading at USD 359 with regular increases of USD 4 towards the end of the week, is expected to increase again after remaining stable for a while and to regain the high levels it reached last month.

According to SteelRadar data, E40 grade scrap in Germany and E3 grade scrap in Italy have been stable for some time despite 'green' activities, sources noted that this is because the change in grades is not a priority for green activities. However, again confirming the sources for HMS 1/2 (80:20), the Benelux witnessed an increase of EUR 5 earlier in the week, although not regular, with scrap trading at EUR 300.