Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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February 2019 | Steel Scrap and Metallics Forecaster

Italian scrap prices to outperform neighbours on rising demand, shrinking car output: Europe Market Analysis

Italian domestic E3 (HMS-grade) prices are better off than the German equivalent price compared with one year ago.

German, UK scrap prices rise stronger than Italy in February settlements. Prices for most domestic scrap grades rose £20 ($26) per tonne, while German domestic prices increased €18-20 ($20-23) and Italian prices climbed €8-10. Stronger export conditions, due largely to a significant rise in Turkish buying prices for scrap cargoes, was the main trigger for the rise. Considering this, it is understandable that Italian rates underperformed compared with the other two markets given that Italy is a net...


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