[SMM Stainless Steel Flash] Assofermet: Italian Scrap Market Stable in March Amid Strong Geopolitical Uncertainty

Published: Apr 13, 2026 10:52

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Italy's ferrous scrap market moved sideways in March as geopolitical tensions pushed up energy costs and disrupted logistics. Steelmill demand held steady, keeping prices stable. Turkey drove scrap up around US$20/mt in late March; Spain followed with two rises of approx. €10/mt. Stainless scrap saw a two-phase trend, stabilizing below peak levels. European mills resisted basic pig iron price hikes, preferring scrap to control costs. Ferroalloys remained stable, though European ferrosilicon output contracted on rising energy costs. Overall, Assofermet flags caution amid macroeconomic uncertainty, logistics strain, geopolitical tensions, and CBAM adaptation.

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