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13 Aug
14:35

German scrap prices decline, Turkey lowers purchases

German scrap prices started to decline in the first week of August due to the traditional summer holidays this month in Europe and lower purchases from Turkey, according to German scrap market participants. Additionally, sources expect that flooding in some parts of the country and a new railway strike may negatively impact the supply chain. Prices in southern Germany, as well as in the north and west, decreased €20-40/tonne ($23-47/t) this month, a local buy…
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