ITALY STEEL SCRAP: Domestic prices stable in mid-July

Domestic prices for ferrous scrap in Italy were fairly stable in the month up to Monday July 13, with limited demand from steel mills balanced by reduced scrap supply from the automotive industry.

Fastmarkets' monthly price assessment for steel scrap, E40 shredded, delivered to mill, Italy was ?,?220-240 ($249-272) per tonne on July 13, unchanged over the month.
And the monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy was ?,?210-230 per tonne in mid-July, compared with ?,?200-230 per tonne a month earlier.
Both assessments reflect deals heard in the market.

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