Netherlands scrap market keeps uncertainty in sight

HMS 1/2 (80:20) has not experienced significant changes since the start of the year but maintained its downtrend over the past two weeks.

In Netherlands, HMS 1/2 (80:20) hit a high of $390 at the start of February, before decreasing substantially steadily towards the end of February and entering March at $366. According to SteelRadar data, compared to the previous month, it recorded a high of $393 in the second week of February and a lowest of $356 on March 5, down by nearly $30-40 over the month.

SteelRadar reported that HMS 1/2 (80:20) decreased steadily by $4, $13 and $6 during the month, totaling $37. The $356 level reached on March 5 was currently maintained at $356 on March 6. The sources indicated that this decline is unlikely to be long-term as they expect a recovery across Europe, while market participants emphasized that the level reached will remain stable given the downward trend of Benelux 1/2 (80:20) domestic prices over the past month, underlining the uncertainty in the scrap market.