Steel scrap price brazes EUR 400 per tonne mark in Italy

The flare rages unabated with shredded quality having touched EUR 400 per tonne in Italy. Prices are under pressure in Northern Europe as well having increased by EUR 20 per tonne to EUR 30 per tonne. 

In this situation that is apparently due to low availability Turkish buyers have been forced to increase purchase prices that have almost steadily by passed USD 450 CFR FO

However long product prices have remained indolent owing to weak demand during the festivity.

Almost all operators are sharing the opinion that prices will keep rising during January '11. After that the question mark will be the usual one, i.e. whether or not the general consumption will be able to sustain the demand at a level enough strong.