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28 Jun
14:35

German scrap market expects price fall in July

German scrap prices have decreased in June due to low demand and a very quiet market, say local market participants. They expect values to continue to fall next month. “Steel mills are still reducing output and, as a result, the amount of scrap purchased by them also decreased,” one buyer tells Kallanish. German scrap decreased this month by €25-30/tonne ($27-32/t), according to sources. Nationwide average prices for old thick scrap sort 3 are a…
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