Steel scrap prices decline on the German market

(23 February 2011) 

The strong increase in German ferrous scrap prices in January had all but melted away in the month of February, but prices still remained above December levels. In particular old steel scrap prices came under pressure, as export opportunities were few and far between. The question is now how developments in North African countries and Middle Eastern nations will affect steel deliveries and thus also Turkey’s demand for scrap.