The German scrap market is bracing for additional price decreases in October. Industry insiders report that the ongoing economic downturn is leading to reduced availability of both old and new scrap materials. This scarcity, coupled with persistent low demand from domestic steelworks and weakening export markets, is putting significant pressure on margins for scrap merchants.
As a result, many in the industry are finding it increasingly challenging to achieve break-even results for the year. The outlook for the remaining months remains bleak, with no signs of recovery on the horizon.
