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During November scrap prices remained more or less unchanged; although some slight price increases were seen, dependant on the scrap grade, mill and supplier concerned. The trade reported that they were successful in turning over all offered quantities, although it appears not all mills were able to procure scrap in the quantities they required. ...

At the beginning of the month and in the light of the weak deep sea market, German consumers wanted to lower their offered prices by between €10 and €15 per tonne. However, strong demand from the mills showed an increase in demand compared to last month’s figures. According to the German Steel Federation (Wirtschaftsvereinigung Stahl) September crude steel production was up 6.6% (just over 3 million tonnes) compared to August. ...

Price increases during both August and September averaged at €20 - €25 per tonne for all steel mills. In order to procure their required quantities, those steel mills with backlog demand offered more than the commonly seen €10 - €15 per tonne, this was especially true for particular scrap grades. ...

July’s fall in prices was followed by average price increases of €10 per tonne during August. Consumer scrap demand was regionally very varied. Considering the mills had indicated low demand at the beginning of the month, according to the trade, demand in some parts was ...