According to Ruggero Alocci from Alocci Rappresentanze Industriali, in Italy the July scrap market was conditioned by the long summer stoppages, with low demand and small price rises. The first three weeks in August passed without any significant activity.
Genoa - Starting from the last August days, a better mills’ demand (but also low inventories) boosted the prices. Now the end-users are following the international market to balance the lower domestic prices to the higher one quoted on Germany, France and Turkey.
The July/August average prices reported by the Mills Association (EUR/pmt delivered):
New Arising E8:
• Domestic: 165
• from France: 180
• from Germany: 180
Shredded E40:
• Domestic: 175
• from France: 175
• from Germany: 175
Demolition Scrap E3:
• Domestic: 150
• from France: 160
• from Germany: 160
The September prices will grow following the better demand and the steel production, in the range of EUR 40 to 50 from the July average.
Pig Iron - H.B.I.
The arrivals at the ports are low. The scarce inventories are pushing the traders to settle new orders. Buyers are in stand-by position hoping for lower prices. The last offers have been reported around 350 USD pmt CIF. The HBI demand is low.
Steel
During July/August the flat products was pushed by a better demand and the prices rose significantly, after a very long calm. The demand for billets, rebars and profiles remained weak, like the prices.
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