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29 Nov

German scrap market expects quiet December, higher costs

German scrap prices have increased slightly in November due to some new demand and exports, say local market participants. Sources expect values to be stable next month amid the approaching Christmas holidays. “Most steelworks in Germany and other European markets once again held back on purchasing scrap due to the continued weak order situation and the upcoming downtime in December,” a buyer tells Kallanish. “However, domestic prices were suppor…
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