Market developments during August can definitely be described as turbulent, as the market was not quite as calm as had been expected for the summer vacation period. In the first week of August Turkish consumers started their first buying spree and with each freight load sold prices increased, thus forcing domestic consumers who required scrap to act accordingly. Consumers from the Ruhr area, who managed to purchase scrap before the price upswing arrived, were happy to have purchased scrap at unchanged price levels (compared to last month). In contracts closed shortly after, consumers in the east of Germany, who had last month also purchased scrap at more or less unchanged price levels, now saw themselves paying markups of €20 – €25 per tonne. More