It has been a very turbulent year on the German steel scrap market, marked by unprecedented price spikes in spring and an unparalleled price collapse since the summer. Trading volumes were once again weak in November, as they had been in recent months. Given the uncertain economic situation and shrinking order backlogs, many steel mills were still holding back on scrap purchasing. Others were buying scrap, in some cases making purchases early for December, but were pushing traders to mark down prices further. Steel mills were helped in their negotiations by the fact that the export price for shipments to Turkey has dropped since mid-October....
German ferrous scrap market: Price cuts and low trading volumes as year-end nears
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