German ferrous scrap prices nearly unchanged


In September, steel scrap prices remained nearly unchanged on the German market, according to the latest EUWID market report. The jump in German ferrous scrap prices that appeared to be in the offing at the end of August and in the first few days of September collapsed within just a few days. Merchants who had struck deals early had in some cases been able to secure hikes of up to €10 per tonne.

By the end of last week, prices had partly fallen below the August level. One major buyer had yet to place orders by 14 September. Market observers now expected that customer to pay €5 less than in August, assuming that it bought any scrap at all.

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