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30 Jun
17:44

Supply, demand for new scrap decline in Germany

Most players in the German scrap market say the low supply of new scrap from interrupted automotive and industrial production remains balanced with even lower demand. “Because there is little new scrap, mills have changed their scrap/iron mix and now use less new scrap,” a market observer tells Kallanish. “They know from experience what to do when anticipating a shortage of certain sorts.” The large integrated mills in North Rhine-Westphali…
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