In recent developments, the German scrap market has exhibited a remarkable consistency in pricing, with June figures showing little to no fluctuation. Market insiders attribute this stability to a steady domestic demand coupled with modest export levels. Despite the onset of summer vacations and anticipated industry slowdowns, no significant price alterations are expected in the near future.

Last month, minor price increments of approximately €5-8 per tonne were noted in certain regions, such as Bavaria. However, the national average for old thick scrap sort 3 hovers around €350 per tonne, reflecting the market's overall equilibrium.

This sustained stability is seen as a positive sign for the German scrap industry, suggesting a balanced market that could continue to hold steady despite seasonal shifts and global market pressures.