Steelmakers in Germany have settled their monthly scrap contracts for September at prices that were down by an average of €25 ($28) per tonne from last month, sources told Fastmarkets on Friday September 13.
Fastmarkets’ monthly price assessment for steel scrap No E3 (old thick steel scrap) domestic, delivered mill Germany, was at €225-235 per tonne on Friday, down by $20-25 per tonne from €245-260 per tonne delivered in mid-August. The assessment was based on deals heard in the market.
The decline was driven…