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Ferrous scrap prices continue to dive amid weak demand

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German steel scrap prices continue plunge on weak demand from mills

(D) – The downward slide in steel scrap prices in Germany continued unchecked in October. For the second month in a row, scrap traders were forced to accept major price cuts of €30 or more per tonne. The sinking prices were due to the ongoing slump in scrap demand from steel mills, which are struggling with their ...

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