German steelmakers have settled their monthly scrap contracts for September with an average drop in prices of about ?,?5-10 ($6-12) per tonne, sources told Metal Bulletin on Friday September 14.
Metal Bulletin's monthly price assessment for domestic grade-E3 scrap in Germany was ?,?270-285 ($315-332) per tonne delivered in September, compared with ?,?280-290 per tonne delivered in August."[The domestic] price drop was driven by the weaker international market, because domestic demand...