HMS 1/2 (80:20) scrap prices in the Netherlands decreased by 9 USD to 343 USD in the week of 19 August. This decrease is considered as a reflection of the general oversupply and low demand observed in the global scrap markets. In the Benelux region, on the other hand, HMS 1/2 (80:20) scrap prices decreased by 10 EUR to 300 EUR. In particular, the slowdown in the construction sector and the summer holiday season are causing a contraction in demand in steel production, which is pushing down scrap prices.
In Italy, E3 class scrap prices decreased by 10 EUR to 328 EUR. The stagnation in Italy's industrial production stands out as one of the main factors behind this price decrease. The slowdown in economic growth in the country and the decrease in steel production negatively affect the demand for scrap. In addition, the increase in energy costs and general economic uncertainty continue to put pressure on the scrap market.
In Germany, Scrap E40 prices remained stable at 380 EUR. Germany's strong industrial infrastructure and stability in steel production have been instrumental in keeping scrap prices stable. However, it remains unclear whether these prices remaining stable will show a resistance in the long term.
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