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Expected price correction materialises on German steel scrap market in February

Prices fall by €30-40/t but outlook for March is positive

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Expected price correction on German steel scrap market in February

(D) – The price rally on the German steel scrap market has been interrupted for now. After ferrous scrap prices rose by more than 50 per cent between October and January, there was – as traders had been expecting – a price correction in February. However, prices are not expected to decline further in March. The ...

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