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

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March 2020 | Steel Raw Materials

German obsolete scrap rises while in contrast, the Italian E3 price fell by €18 on the month to €225 per tonne delivered, but markets under pressure: Scrap Highlights

In Italy, several steel producers announced temporary closures amid the countrywide shutdown because of the coronavirus, which will further stifle scrap consumption.

German domestic E3 scrap prices rose in the March settlements, while Italian levels remained steady with the market grounding to a standstill because of the countrywide lockdown. German scrap prices rose on the month, with the obsolete E3 scrap and the prime E8 grade firming to €253 ($280) and €255 per tonne delivered, up by €10 and €8 respectively. German prices often move with levels in the export market as Germany is a net exporter. And we have seen some recent strength in the bellwether Turkish market. The Northern European HMS#1&2 (80:20) index was at $266 per tonne...


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