In 2024, Italy is facing a significant shortage of scrap metal, which is anticipated to drive up prices in the coming months. The scarcity of scrap has already led to modest price increases, with contracts seeing a rise of €5-10 per tonne. This trend is expected to continue as demand from steel mills remains strong, and domestic scrap collection struggles to keep pace.
The shortage has compelled Italian steel mills to source scrap from other European countries, further driving up costs. Market participants are concerned about the impact of this shortage on production costs and overall competitiveness in the global market.
