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During February, some consumers started negotiations with the belief that they would be able to cover their Februarydemand at either unchanged or slightly increased price levels, compared to January pricing. Consequently, the firstcontracts were closed with prices increases of up to €5 per tonne. ...

Supply and demand were in equilibrium during January. After a successful year for both the steel and scrap industries in 2021, scrap consumers had envisaged marked price reductions at the beginning of 2022. However, they were forced to gradually adjust their hoped-for price levels due to developments on the export market and the sales reluctance on the part of their suppliers. ...

During December, contract negotiations between suppliers and consumers were of a reserved nature. Some consumers succeeded in purchasing quantities for December delivery during November, thus reducing their December demand accordingly. Crude steel production levels in the EAF-mills this month were varied and lower than during November due to production halts of varying lengths and causes. ...