GERMANY FERROUS SCRAP: Domestic prices rise in February

February 16, 2019 / www.metalbulletin.com / Article Link

German steelmakers have settled their monthly scrap contracts for February with an average price increase of ?,?15-20 ($17-23) per tonne, reflecting the rise in the international market, sources told Fastmarkets on Friday February 15.

Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($299-321) per tonne delivered on February 15, up from ?,?250-265 per tonne delivered on January 22."Demand was not that good, but the mills [in Germany] had to follow the export scrap price...

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