What nobody had expected at the beginning of the month soon became harsh reality, as consumers lowered their offered prices for the 7th consecutive time. On average scrap prices fell by between €30 and €35 per tonne during October. The trade reported that consumers showed absolutely no willingness to negotiate prices. Depending on the scrap grade and mill concerned as well as the regionally very varied levels of demand, price markdowns ranged from €25 to €40 per tonne… More