Italian scrap market may continue to maintain stable in late May. The price of new production scrap is 255-260 euros / ton, shredded scrap price is 260-265 euros / tonne, the price of old scrap is 240-245 euros / ton.

Affected by the holiday, sales volume of Italian scrap will decline. The German rail strike is also expected to have an impact on sales of Italy scrap. However, due to the early ports volume and steel scrap increase, steel scrap inventory levels higher than early April.

                                                                            XINSTEEL NEWS