GERMANY FERROUS SCRAP: Mills settle monthly contracts with €5-10 per tonne drop
German steelmakers have settled their monthly scrap contracts for July with a month-on-month drop of €5-10 ($6-11) per tonne, sources told Fastmarkets on Friday July 12.
Fastmarkets’ monthly price assessment for steel scrap No E3 (old thick steel scrap) domestic, delivered mill, Germany
, was €250-265 ($282-298) per tonne delivered on Friday, compared with €260-270 per tonne delivered in mid-June. The assessment is based on deals heard in the market.
The decline was driven by...