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28 Jun

German scrap market expects new decreases in July

German scrap prices have fallen significantly for a second month in June due to lower demand and weak exports, according to German scrap market participants. Most sources continue to expect values to fall further next month because of the uncertainty gripping the market. Prices in most parts of Germany have decreased this month by €80-120/tonne ($84-126/t), a buyer tells Kallanish. Nationwide average prices for old thick scrap sort 3 are down to €390/t …
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