German scrap processors secure price hikes

Aug 15, 2005 | 11:05 AM | Ben Garside

German ferrous scrap processors have secured increases of 40 to 50 euros ($50 to $62) a tonne in August settlements after almost two weeks of negotiations.

Industry members said lower prices earlier this summer drastically reduced collections by small dealers and peddlers, which, followed by a rush of buying at European docks by Turkish buyers in July, contributed to the strong price increases.....

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