Exports and scarcity of material driving prices higher on German ferrous scrap market

Very low arisings of old steel scrap might continue to shore up prices


(D) – In an about-face that caught everyone by surprise, German ferrous scrap merchants saw their prices rebound by €25 per tonne in most cases, but sometimes by as much as €30 per tonne in November. The November bounce came after ferrous scrap prices had been more or less in free fall in September and October. ...

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