GERMANY FERROUS SCRAP: March contracts settled with increase then sentiment flips downward

German steelmakers have settled their monthly contracts for ferrous scrap in March with a month-on-month increase of €10-15 ($11-17) per tonne, following the rise in the international market, sources told Fastmarkets on Friday March 13.

The steelmakers, however, had wanted lower prices for scrap due to the fall in long steel demand that has resulted from the uncertainties related to the 2019-nCoV coronavirus pandemic and the resulting lockdown in Italy, market participants said.

Fastmarkets’ monthly price assessment for steel scrap No E3 (old thick...

Published

Maria Tanatar

March 13, 2020

18:55 GMT

London