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29 May

German scrap market expects further falls in June

German scrap prices decreased in May due to limited demand and export deals, say local market participants. They expect values to continue to fall amid subdued purchases from steel mills. “Scrap requirements once again varied greatly from plant to plant and remained subdued overall,” one buyer tells Kallanish. German scrap decreased this month by €35-40/tonne ($37-43/t), according to sources. Nationwide average prices for old thick scrap sort 3 …
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