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During September mills were successful in reducing scrap prices for the 6th consecutive time; whereas price reductions from April to August were moderate, those during September ranged from €20 to €30 per tonne, depending on the point of contract closure as well as the mill and scrap grade concerned. Despite the vacation period, the August production of crude steel in Germany was registered at 3.37 million tonnes, thus higher than production during July (3.22 million tonnes). ...

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Traders described the August market as extremely quiet; particularly as the three largest German federal states of North Rhine Westphalia, Baden Wuerttemberg and Bavaria all had their summer school holidays during August and stimuli from the deep sea market were also lacking. According to trade circles, all offered quantities were turned ...

At the beginning of the month, consumers assumed that due to the expected fall in demand during the vaca-tion period scrap supply would be in surplus and accordingly offered price markdowns of between €10 and €20 per tonne. However, in the light of an increasingly tight export market, hesitancy on the part of suppliers and an obvious incorrect assumption as to the volume of available scrap, consumers adjusted their offered prices; depending on the level of demand and the scrap grade concerned, average price markdowns of only €5 per tonne were ...

At the time of going to press June prices ranged from between unchanged to markdowns of up to €10 per tonne (depending on the mill and scrap grade concerned), whereby an east-west divide was registered for pricing, but a north-south divide with regard to demand. The scrap trade was able to turn over all its offered quantities, albeit with some regional limitations. ...

After price levels remained more or less unchanged during April, German steel mills were able to push through average price reductions of €10 per tonne during May, not least due to weaker turnover possibilities on the third country market. Scrap demand varied considerably as a result of the differing capacity utilisation levels in the long and flat steel producing mills. ...