22
Jan
13:39
Scrap price rise halts in Germany
The increase in scrap prices that continued in Germany from December into January is considered to be over, now that orders from Turkey have waned, Kallanish notes.
Several observers still believed that a surge was continuing at the beginning of January, given the differential between prices paid in Turkey and in Germany. One trader had already cautioned however that “… the market might turn any time if the Turks stop buying from one day to the next.&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous