German steel scrap market hits the brakes: Demand and prices head sharply south

High pressure on prices expected to continue into October

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(D) – No one could describe the recent downturn in the ferrous scrap market as unexpected. For quite some time, all signs had pointed to a coming market contraction. However, the vehemence of the drop in steel mills’ scrap demand in September and the abrupt fall in scrap prices that accompanied it surprised many ...

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