The majority of German steel mills showed a marked increase in scrap demand and as a result, after long-winded negotiations, the scrap prices rose across the board by approximately EUR 20 per tonne during January. Those buyers who had not already raised their offers by EUR 30 per tonne in December had to act accordingly to secure their required quantities.
On the one hand, traders recorded a good inflow of industrial scrap as capacity utilization in many production companies showed a positive balance; on the other hand, the inflow from obsolete scrap collections showed a marked decrease, particularly from eastern and northern Germany, where the harsh winter weather brought scrap inflow to a standstill. The coming months will reveal the types and quantities of scrap which are actually available.
For further information, please visit www.sekundaer-rohstoffe.com/html/schrottmarkt.html. You will find the link at the end of the German report. Quelle: bvse