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16 Nov

German scrap prices fall on low demand, exports

German scrap prices decreased in most parts of the country in the middle of November, according to local scrap market participants. Most sources expect new falls amid low demand and very little exports. Steel mills are keeping purchases low amid market uncertainty. Prices in some parts of Germany have decreased by €20-25/tonne ($20.8-26/t), a buyer form Bavaria tells Kallanish. Nationwide average prices for old thick scrap sort 3 are at €340/t, while ne…
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