Lower steel scrap prices in Germany
German ferrous scrap prices have softened in April following a strong increase in March. Even though demand on the domestic market was good, prices ultimately bowed to weak business for deep-sea exports. Nevertheless, scrap merchants remained satisfied: business had slowed from very good to good, a respondent told EUWID.
Merchants had anticipated dwindling scrap prices in the second half of March, but had since forecast unchanged prices due to good business within Germany. They still consider the somewhat lower prices which were agreed for April as acceptable for both scrap merchants and their main customers, electric arc furnace (EAF) steel plants.
After a lengthy dry spell, these mills are now back in the black, even though they remained under pressure amid surplus global capacity for construction steel. On the other hand, shortages are apparent in cold-rolled and hot-rolled steel production, leading these mills to raise their prices considerably.
The full report on the German steel scrap market including the price table appears in issue 08/2017 of EUWID Recycling and Waste Management on 20 April 2017. Online subscribers can access it here: Steel scrap prices in Germany
EUWID Recycling and Waste Management is published fortnightly. The print edition is mailed every other Wednesday, while E-Paper subscribers have immediate access to the digital version of the most recent edition on the day of publication. Subscriptions for faster access to our market reports are also available.
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