The tangible market recovery, which was apparent at the end of October, really picked up speed from the middle November onwards; however, nobody had thought that the effect would be so promising. Compared to October, prices rose from €25 to over €40 per tonne, depending on the point of contract closure, the grade and the mill concerned. Those traders who made an early start in November had to be content with lower price increases; those who bode their time were able to profit from stronger de-mand for European scrap from the Turkish mills from the 45th calendar week onwards, amongst other things. Both long and flat steel manufacturers reported satisfactory capacity utilization levels for the rest of the year with pleasing levels of demand accordingly; as a result, suppliers were able to turn over all offered amounts. More