GERMANY STEEL SCRAP: International scrap price rise drives domestic rally

Domestic ferrous scrap prices in Germany increased significantly in the month to Friday January 15, following and supported by the trend in the international market, sources told Fastmarkets.

Fastmarkets’ monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was €370-405 ($445-489) per tonne on January 15, up by €85-95 from €285-310 per tonne in mid-December.
Fastmarkets' price assessment for steel scrap, E40 shredded, domestic, delivered consumer, Germany was €385-415 per tonne in mid-January, compared with €290-315 per tonne in mid-December.

And Fastmarkets’ assessment for steel scrap, E8 thin new production steel, domestic, delivered consumer, Germany was €380-410 per tonne on mid-January, compared with...

Published

Maria Tanatar

January 18, 2021

15:06 GMT

London