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27 Sep

German scrap market hopes exports will support prices

German scrap prices increased in September amid exports to Asia and despite low demand from European mills, say local market participants. They expect values to be unstable next month. “The fact that scrap prices rose in September was due to brisk export business to Asia, mostly to India and Pakistan,” one buyer tells Kallanish. “Steel mills in Europe continue to purchase very low volumes of scrap and there are no new signs for new restockin…
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Svetoslav Abrossimov  |  Bulgaria
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