London—Scrap prices in both Northern and Southern Europe are expected to soften on month for July settlements, amid continued soft finished steel demand, market participants said July 10. Scrap prices in Italy for July contracts are currently under discussion, with mills are pushing for discounts amid low finished steel demand. Scrap recyclers cited workable levels at Eur245-250/mt, while one Italian buyer said Eur240/mt delivered was workable, while a trading source said Eur235-240/mt delivered was workable. Supply of shredded scrap was heard to be limited, sources said.
展开▼
