According to the latest figures provided by German steel scrap recycling association BDSV, in the month of June this year domestic steel scrap prices have showed a sharp downtrend compared to May, decreasing by €18-22 ($23-28/mt). After a neutral trend in April and a slight decrease in May, the recent fall means that steel scrap prices in Germany are now far lower compared to the levels seen one year ago.
Higher quality scrap (E2/E8) has now lost up to €50/mt ($63/mt) compared to the same month in 2011, while the year-on-year reductions for lower qualities of scrap are smaller but significant.
Category | Price - June 2012 (€/mt) | Price - May 2012 (€/mt) | Price - June 2011 (€/mt) |
E1-Old steel scrap | 251.6 ($315/mt) | 273.2 ($342/mt) | 275.9 ($345/mt) |
E2/E8-New steel scrap | 285.1 ($356/mt) | 303.4 ($379/mt) | 335.9 ($420/mt) |
E3-Heavy old steel scrap | 279 ($349/mt) | 299.3 ($374/mt) | 317.5 ($397/mt) |
E40-Shredded scrap | 284.9 ($356/mt) | 306.6 ($383/mt) | 317.8 ($397/mt) |
E5-Steel turnings | 224.8 ($281/mt) | 245.1 ($306/mt) | 240.9 ($301/mt) |
*The prices in the table are the average prices for domestic transactions across Germany in the first 20 days of the given months. Prices are provided by Bundesvereinigung Deutscher Stahlrecycling- und Entsorgungsunternehmen e.V. (BDSV).
Specifications:
E1-Old steel scrap: thickness ≥ 4 mm; maximum dimensions 1.50 x 0.50 x 0.50 m
E2/E8-New steel scrap: maximum dimensions 1.50 x 0.50 x0.50 m
E3-Heavy old steel scrap: thickness ≥ 6 mm; maximum dimensions 1.50 x 0.50 x0.50 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 = $1.25