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