According to the latest figures provided by the German steel scrap recycler association (BDSV), in the first 20 days of December domestic steel scrap prices in Germany recorded variations between +1.5 percent and -3.0 percent compared to the corresponding period in the month of November.
In both February and March this year, scrap quotations in Germany had recorded average month-on-month decreases of €15-16/mt ($18-20/mt), while in April prices had increased by €12-19/mt ($15-23/mt), compared to the previous month. In May this year, local scrap prices in Germany had decreased on average by €1.92/mt ($2.3/mt) month on month. In June, price decreases of €2-4/mt ($2-5/mt) were recorded, while in July prices had generally remained stable. In August, local scrap prices had increased by €7/mt ($9/mt), while in September a very slight price increase was registered, followed by a decrease of €15/mt ($18/mt) in October and, finally, by a further €15/mt ($18/mt) decline in November.
On the other hand, on year-on-year basis, in the first 20 days of December this year German domestic scrap prices indicated a significant decrease of €39.6/mt ($49/mt).
Scrap grade | Price: | Price: | Price: | Price: |
E1 - Old steel scrap | 196 ($241/mt) | 200 ($246/mt) | 214 ($263/mt) | 233 ($287/mt) |
E2/E8 - New steel scrap | 224 ($276/mt) | 222 ($273/mt) | 237 ($292/mt) | 252 ($310/mt) |
E3 - Heavy old steel scrap | 221 ($272/mt) | 221 ($272/mt) | 236 ($290/mt) | 249 ($306/mt) |
E40 - Shredded scrap | 227 ($279/mt) | 228 ($280/mt) | 244 ($300/mt) | 260 ($320/mt) |
E5 - Steel turnings | 177 ($218/mt) | 176 ($216/mt) | 191 ($235/mt) | 204 ($251/mt) |
*Average prices for domestic transactions across Germany in the first 20 days of the given month. Prices are provided by Bundesvereinigung Deutscher Stahlrecycling- und Entsorgungsunternehmen e.V. (BDSV).
Specifications:
E1 - Old steel scrap: thickness ≥ 4 mm, maximum dimensions 1.5 m x 0.5 m x 0.5 m
E2/E8 - New steel scrap: maximum dimensions 1.5 m x 0.5 m x 0.5 m
E3 - Heavy old steel scrap: thickness ≥ 6 mm, maximum dimensions 1.5 m x 0.5 m x 0.5 m
E40 - Shredded scrap: excluding incinerator steel scrap and collection scrap; density ≥ 1.1 mt/m3, Fe ≥ 92%.
E5 - Turnings: excluding iron and automatic steel turnings
€1 = $1.23