Scrap prices rose considerably during April. Prices rose from EUR 65 to 80 per tonne, depending on scrap grade and region. However, the trading period was very short. For only a few days in calendar week 15 was it possible to obtain premium prices and to turnover respectable amounts of scrap.

Those who missed this favourable opportunity, feverishly offered scrap later on, but were met with reluctant buyers. At the same time, Turkish consumers, who had purchased large amounts, stopped ordering. This, of course, added considerably to the trader’s edginess, the more so as exporters then reduced their offered price or even stopped the inflow completely.

The buying behaviour of some mills coupled with no exports resulted in a strong scrap supply. Even so, the steel market still sent out some positive signals; the scrap demand from German mills rose during April by approximately 25% compared to the previous month and led to carriage-paid prices of well over EUR 300 per tonne. However, the supply of industrial scrap is lagging behind the demand from the mills, as the produced steel first has to be processed and the manufacturing industry is only slowly finding its feet again. The inflow quantity to the shredders and shears has also not reached the desired level.

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

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