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June was characterised by long, drawn-out negotiations between market participants, high consumer demand across the board, a short supply of scrap and an unexpected marked jump in prices. As the month progressed, consumers became more open to demands made by the trade, especially those who were having difficulty obtain-ing their required quantities. Price increases of between €30 and €60 per tonne were officially registered, depend-ing on the scrap grade and mill concerned. ...

At the beginning of May scrap consumers began negotiations rather tentatively. Some mills wanted to quickly take advantage of the seemingly weaker export market at the end of April/beginning of May to cover their demand by offering moderate price increases of between €15 and €20 per tonne. ...

On 22nd April 2021 the German Steel Federation (WV Stahl) reported that March crude steel production reached almost 3.8 million tonnes; this represents the highest monthly production volume since March 2017, when 3.801 million tonnes were smelted. This explains the marked increase in scrap demand during March this year and according to trade estimates, April figures will in no way be less than those reported for March. ...

After a difficult start to negotiations, German steel mills offered scrap suppliers average price increases of €30 per tonne during March. The increases more or less compensated for the price reductions made in February.  ...