GERMANY FERROUS SCRAP: Domestic prices jump on demand pickup, rise in global prices

Steelmakers in Germany have settled their monthly steel scrap contracts for November with an average month-on-month rise of €25-30 ($28-33) per tonne, sources told Fastmarkets this week.

Fastmarkets’ monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill Germany, was €225-235 ($248-259) per tonne in the middle of November, up from €195-205 per tonne in mid-October. The assessment was based on deals heard in the market.

Domestic prices in Germany declined through September-October, mainly driven by the slide in...


Maria Tanatar

November 15, 2019

16:10 GMT