Scrap prices decline further in Germany in July

Tuesday, 23 July 2019 12:00:41 (GMT+3)   |   Brescia
       

After recording month-on-month increases in February and March this year, scrap prices have continued to decrease in the German domestic market in subsequent months. According to the latest data provided by the German steel scrap recycler association (BDSV), in the first 20 days of July prices decreased both month on month and year on year.

Scrap prices in Germany in July fell by €5.9/mt on average month on month, while they declined by €36.24/mt compared to the same month last year. After increasing by €5/mt last March, the aggregate decline has been €22/mt on average in the past four months.

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: July 2019 (€/mt)

Price: June 2019 (€/mt)

Price: May 2019 (€/mt)

Price: July 2018 (€/mt)

E1 - Old steel scrap

205.1 ($230/mt)

209.8 ($235/mt)

214 ($240/mt)

217.8 ($270/mt)

E2/E8 - New steel scrap

232.5 ($260/mt)

239.7 ($268/mt)

248 ($278/mt)

270 ($302/mt)

E3 - Heavy old steel scrap

231.1 ($259/mt)

236 ($264/mt)

242.4 ($271/mt)

265.9 ($298/mt)

E40 - Shredded scrap

234.7 ($263/mt)

241.2 ($270/mt)

246.6 ($276/mt)

27.6 ($304/mt)

E5M - Steel turnings

183.6 ($206/mt)

189.8 ($213/mt)

195.7 ($219/mt)

219.3 ($246/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%
E5M - Turnings: excluding iron and automatic steel turnings


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