24
Apr
15:20
Minor dip in German scrap prices confuses some
Although the price of ferrous scrap in Germany has hardly moved from March to April, it is interesting to hear how market expectations have been undermined.
“I actually expected prices to drop by €10/tonne ($12.2/t),” Kallanish hears from one scrap merchant who adds that he found the market overheated and saw lower export orders as an early indicator. As it turned out, prices dipped only by between €1.1-3.7/t. The merchant notes also that h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous