Research

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

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January 2018 | Steel Raw Materials


European price rises likely to pause in February: Scrap Highlights


Turkey has continued to encourage scrap price rises across the globe, but first signs of weakness emerged in the European scrap market by mid-January

European domestic ferrous scrap prices rose for a third month in a row. January settlements saw scrap prices rise in both Northern and Southern Europe. For HMS grade equivalent, E3 prices went up by €10 ($12) month on month in Germany to €287.50 per tonne delivered and by €15 in Italy to €300 per tonne delivered. For prime grades, E8 prices increased by €7.50 to €287.50 per tonne delivered across Germany and by €12.50 to €320 per tonne delivered across Italy, according to Metal Bulletin. This is the first time...

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