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German steel mills were not in much of a hurry to purchase scrap during November. The initial offered prices were accompanied by a statement that their November scrap demand wouldn’t be very high. ...

At the beginning of the month scrap consumers stressed their low demand and were thus optimistic about being able to push through price reductions across the board during October. At the end of September, the Turkish scrap import market was weak and showed marked price reductions, so that it was thought unlikely that the EU export market would put a spoke in the domestic market wheel. ...

Many traders had high hopes for a positive market development with rising prices and improved turnover opportunities during September. However, uniform purchasing behaviour on the part of EU scrap consumers soon dashed any hopes of an upward trend. ...