Following the stagnation observed in the week of April 8th, the European scrap market has been generally stable as of April 15th, although some countries have experienced increases. According to information provided by SteelRadar, E40 scrap prices in Germany have witnessed decreases in recent weeks, with the most recent price drop of EUR 10 to EUR 368, where it has been trading at the same price for the past two weeks.
SteelRadar data showed that the HMS 1/2 (80:20) market in the Netherlands, which traded at USD 353 with a decrease of USD 6 during the week of April 8th, has been stable at the same price level as of 15th April. The HMS 1/2 (80:20) market in the Benelux region, which has been stable at USD 300 in recent weeks, increased by USD 13 to USD 313 in the week to April 15th.
According to Assofermet, the Italian Steel Trade Association, production cuts have led to a significant slowdown in scrap deliveries and the outlook for finished steel product sales remains negative. According to SteelRadar data, Italy's E3 scrap market, which has remained unchanged since the week of March 18th, continued to trade steadily at EUR 360 in the week to April 15th.
Comments
No comment yet.