[Italian Scrap Prices Drop by Up to €30 per Metric Ton in June Amid Weak Demand and High Stocks]

Published: Jul 7, 2026 13:39

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Italian ferrous scrap market saw a sharp trend reversal in late June, with scrap prices falling by €20 to €30 per metric ton (mt) due to worsening international markets and low downstream steel demand. The negative sentiment was mirrored globally, with Turkish scrap decreasing by $25-$30/mt and Spanish prices declining by €20/mt, pushing steelmakers to reduce purchasing and unloading activities. This steep price decline and high inventory accumulation signal a bearish outlook for European raw materials into July, as scheduled production stoppages and summer shutdowns in countries like Germany will further depress regional demand and overall scrap consumption volumes.

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