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23 Dec
14:33

High demand for German scrap meets low supply

Demand for steel, particularly from the automotive industry, and therefore also for scrap has increased significantly in recent months due to low stocks and a strong improvement in the order situation, German scrap market sources tell Kallanish. Steelworks were anxious to keep their inventories as low as possible during the summer months due to Covid-19-induced low order levels. “Now everybody wants scrap – and they want it now,” a merchant…
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