According to the latest figures provided by the German steel scrap recycler association (BDSV), in the first 20 days of July this year domestic steel scrap prices in Germany decreased by €15/mt ($16/mt) on average compared to the corresponding period of the previous month. The is the second consecutive decline coming after the €57/mt ($63/mt) month-on-month drop in prices seen in June, which had followed the €50/mt ($55/mt) increase recorded in May.
On year-on-year basis, in July this year German domestic scrap prices are down €45/mt ($50/mt) on average.
Prices are average prices for domestic transactions across Germany in the first 20 days of the given month. The prices are provided by Bundesvereinigung Deutscher Stahlrecycling-und Entsorgungsunternehmen e.V. (BDSV).
Scrap grade | Price: | Price: | Price: | Price: |
E1 - Old steel scrap | 141.0 ($155/mt) | 155.8 ($171/mt) | 211.4 ($233/mt) | 184.2 ($203/mt) |
E2/E8 - New steel scrap | 153.8 ($169/mt) | 168.1 ($185/mt) | 230.4 ($253/mt) | 202.1 ($222/mt) |
E3 - Heavy old steel scrap | 155.7 ($171/mt) | 172.3 ($190/mt) | 227.9 ($251/mt) | 202.8 ($223/mt) |
E40 - Shredded scrap | 161.9 ($178/mt) | 180.6 ($199/mt) | 236.6 ($260/mt) | 207.9 ($229/mt) |
E5 - Steel turnings | 119.7 ($132/mt) | 129.9 ($143/mt) | 185.8 ($204/mt) | 161.9 ($178/mt) |
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%
€1 = $1.10