Much as they did in 2021, the German ferrous scrap industry is closing out the year with low trading volumes and largely steady prices. Most of the steel mills in Germany and neighbouring countries had exceptionally low demand for scrap in December and were unwilling to negotiate prices. Prices on the export market were rising, but traders had little ability to take advantage of the improved market conditions due to the very tight scrap supply. There has rarely been such uncertainty when it comes to the outlook for the coming year. In the monthly EUWID survey, however, most respondents expressed a belief that the market would rebound....
After a weak December, ferrous scrap traders hope for uptick in 2023
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