Domestic prices for ferrous scrap in Italy increased significantly in the month to Tuesday December 15, supported by the global uptrend as well as a material shortage in the domestic market, sources told Fastmarkets this week.
Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy was ?,?260-265 ($316-322) per tonne on December 15, up by ?,?25-40 per tonne month on month from ?,?220-240 per tonne on November 13.The upward trend in the international...