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Strong demand on export market continues to buoy scrap prices at start of year

Ferrous scrap in Germany

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Strong demand buoys steel scrap prices in Germany

(D) – Following the typical annual pattern, the German steel scrap market kicked off the new year with price hikes, proving that 2019 was an exception to the rule. The negotiations between steel mills and traders, which stretched into the third week of the year, resulted in mark-ups averaging €15 per tonne. ...

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