According to the latest figures provided by German steel scrap recycler association (BDSV), in the month of November domestic steel scrap prices in Germany increased by €23-26/mt ($29-33/mt) compared to October levels. The latest increase has partially erased the downtrend of €28-36/mt ($36-46/mt) recorded in October. In the month-on-month comparison, the price gap between higher and lower priced qualities widened slightly from €53.8/mt ($69/mt) to €57.5/mtn ($74/mt), which is almost the same as the gap witnessed in September.
Compared to November 2011, German domestic scrap prices in November this year indicate slight variations of less than €10/mt ($13/mt). On one hand, new arisings (E2/E8) and E3 scrap are basically stable year on year, while the other three categories (E1, E40, E5) have registered increases of around €10/mt or four percent, year on year.
Category |
Price, Nov. 2012 (€/mt) |
Price, Oct. 2012 (€/mt) |
Price, Nov. 2011 (€/mt) |
E1-Old steel scrap |
246.9 ($316/mt) |
221.7 ($284/mt) |
237.3 ($304/mt) |
E2/E8-New arisings |
274.9 ($352/mt) |
248.9 ($319/mt) |
275.9 ($353/mt) |
E3-Heavy old steel scrap |
272.1 ($348/mt) |
247.2 ($316/mt) |
268.8 ($344/mt) |
E40-Shredded scrap |
282.5 ($362/mt) |
256.1 ($328/mt) |
272.1 ($348/mt) |
E5-Steel Turnings |
225 ($288/mt) |
202.3 ($259/mt) |
215 ($275/mt) |
The above prices are average prices for domestic transactions all 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 = $1.28