September's ferrous scrap price increases proved impossible to hold in October and the price of steel scrap retreated again on the German market, dropping to below August's level. Due to the strong euro, Turkish buyers had not been sourcing material in Germany, but had secured scrap elsewhere instead.
In the far north, market insiders reported low levels of demand for ferrous scrap, but arisings were also less than abundant. Input was in short supply, while the supply of processed scrap was adequate. In the south, the market felt the impact of renewed demand for scrap from Riva's northern Italian steelworks, now that production there had resumed. Accordingly, demand from Italian buyers was constant.
