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29 Dec
15:46

German scrap prices fall but January hikes expected

German scrap prices decreased in December amid low demand and limited exports, say local market participants. Some sources expect the market to gain momentum in January due to expected increased purchases by steel mills after the holidays. Prices in some parts of Germany decreased in December by €10-20/tonne ($10.65-21), a buyer tells Kallanish. Nationwide average prices for old thick scrap sort 3 are at €320/t ($351/t), while new scrap sort 2/8 is at &…
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