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28 Sep

German scrap market expects new decreases in October

German scrap prices decreased in September, according to German scrap market participants. Most sources expect values to decline further next month due to high energy costs and low purchases by steel mills. Prices in most parts of Germany have decreased by €10-20/tonne ($10-20/t), a buyer tells Kallanish. Nationwide average prices for old thick scrap sort 3 are at €330-340/t. The price for new scrap sort 2/8, meanwhile, is at €345/t. E40 shredded s…
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