According to the latest figures provided by the German steel scrap recycler association (BDSV), in the first 20 days of March this year domestic steel scrap prices in Germany increased by €12.8/mt ($14.33/mt) on average compared to the corresponding period of the previous month. This is the first month-on-month increase after two months of downward movement.
On year-on-year basis, in March this year German domestic scrap prices are down by a significant margin of €57/mt ($63.8/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 | 132.0 ($148/mt) | 119.0 ($133/mt) | 128.9 ($144/mt) | 185.4 ($208/mt) |
E2/E8 - New steel scrap | 146.5 ($164/mt) | 133.9 ($150/mt) | 143.1 ($160/mt) | 204.2 ($229/mt) |
E3 - Heavy old steel scrap | 149.7 ($168/mt) | 134.6 ($151/mt) | 145.8 ($163/mt) | 207.0 ($232/mt) |
E40 - Shredded scrap | 154.0 ($172/mt) | 139.7 ($156/mt) | 154.5 ($173/mt) | 214.3 ($240/mt) |
E5 - Steel turnings | 105.9 ($119/mt) | 96.8 ($108/mt) | 106.2 ($119/mt) | 161.8 ($181/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%
E5 - Turnings: excluding iron and automatic steel turnings
€1 = $1.12