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Italian scrap prices tick higher on material shortage


Kallanish£¨¿ªÀ»ÉÌÎñÐÅÏ¢×Éѯ£©»ñϤ£¬Óë12Ô·ÝÏà±È£¬1Ô·ÝÒâ´óÀû·Ï¸Ö¼Û¸ñÏà¶ÔÎȶ¨¡£È»¶ø£¬×î½ü¼¸Ì죬ºÏͬ¼Û¸ñС·ùÉÏÕÇ5-10Å·Ôª/¶Ö£¨5.1-10.3ÃÀÔª/¶Ö£©£¬»Øµ½11Ô·ݵÄˮƽ¡£

Italian scrap prices showed relative stability in January versus December. However, in recent days, there has been a modest increase of €5-10/tonne ($5.1-10.3/t) in contracts, returning prices to levels observed in November, Kallanish hears.

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Demand appears to have rebounded since mid-January, following a lull as mills commenced the month with well-stocked scrap yards.

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Two large sellers report that their scrap collection is underperforming, while certain mills are prepared to offer price increases for the most sought-after higher grades.

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Numerous sources concur that the scarcity of scrap is now a major issue plaguing Italy. This situation is compelling mills to source scrap from other EU nations at elevated prices. The mixed E8 new arisings grade has been imported at €335/t, whereas the higher grade has been transacted at €370/t delivered from France and Germany.

1ÔÂE8»ìºÏ·Ï¸ÖµÄƽ¾ù½»»õ¼Û¸ñΪ325-330Å·Ôª/¶Ö£¬¶øÓÅÖÊE8·Ï¸ÖµÄ½»»õ¼Û¸ñԼΪ350Å·Ôª/¶Ö¡£¹úÄÚE40»ìºÏµÈ¼¶µÄ¼Û¸ñΪ330-340Å·Ôª/¶Ö¡£ÏûÏ¢ÈËÊ¿³Æ£¬E3µÄ½»»õ¼ÛΪ315-330Å·Ôª/¶Ö£¬E1µÄ³É½»¼ÛԼΪ290-300Å·Ôª/¶Ö¡£ÓÉÓÚ¶Ìȱ£¬E5µÄƽ¾ù½»»õ¼Û¸ñÒ²ÅÊÉýÖÁ295Å·Ôª/¶Ö¡£

January E8 mixed grade is pegged at €325-330/t delivered on average, while the premium E8 grade was priced at around €350/t delivered. Domestic E40 mixed grade is at €330-340/t. Market participants are securing E3 at a delivered price of €315-330/t, while E1 is transacted at approximately €290-300/t delivered, sources suggest. E5 values are also climbing to an average of €295/t delivered due to shortage.

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According to Italian trade association Assofermet¡¯s market note, scrap collection in Italy is weak, becoming increasingly complex and costly. A stronger scrap demand from mills is likely to lead to an increase in prices.

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