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Ferrous scrap prices decrease sharply at start of year

Germany

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German ferrous scrap market kicks off year with sharp downturn

(D) – There was enormous pressure on ferrous scrap prices at the beginning of the year. Although price declines had been expected, steel scrap traders were occasionally taken aback by the size of the mark-downs. The trend was set off partly by a considerable decline in export prices. Turkey’s steel industry, the ...

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