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

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January 2020 | Steel Scrap and Metallics Forecaster

Weak Turkish market clouds outlook for European scrap prices: Europe Market Analysis

In 2019, northern European domestic scrap prices and exports were affected by falling demand resulting from tightening operating margins in Turkey.

European domestic prices rise in January settlements. The UK 1&2 Old Steel price climbed to its highest level since the August settlement on January 16, settling at £117.5 per tonne ($152.7), up by £10 month on month. The price had softened to a low of £77.5 per tonne in October last year amid weak consumer demand in offshore and the UK markets. German E3 scrap prices rose by €15 from the December settlement to €260 ($288.4) per tonne delivered on January 21, the highest level since the June monthly settlement. In Italy, a net importer of...


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