According to SteelRadar data, Benelux HMS 1/2 (80:20) prices rose by EUR 7 to EUR 325 at the beginning of July 2024. During the same period, HMS 1/2 (80:20) prices in the Netherlands were revised up by USD 4 to USD 365. These price increases reflect the increasing demand and tight supply conditions in the global scrap metal market.
However, the future of the scrap metal market in Europe is still uncertain. Factors such as fluctuations in energy prices, difficulties in raw material supply and changes in global trade policies continue to put pressure on the market. In particular, policy changes in China, one of the major consumer markets, could affect the global scrap metal trade and make prices volatile.
In Germany, E40 scrap remained stable at EUR 370, while E3 scrap in Italy continued to trade at the same price of EUR 370. The strengthening of sustainability-oriented policies in Europe increases the importance of the recycling industry. The steps taken by industrial enterprises to use sustainable materials and transition to a circular economy are among the important factors that will shape the future trends of the scrap metal market.
Comments
No comment yet.