Scrap-Trend

According to media reports, the automotive manufacturers Daimler, BMW and VW as well as the suppliers Bosch and ZF were raided by the Federal Cartel Office on June 23, 2016. The raids were conducted based on a suspicion of steel price collusion on the part of these companies over several years. According to the reports, the investigations are focussing on scrap and alloy surcharges. Against this backdrop, we hope you will understand that we no longer wish to communicate the average steel scrap prices determined on a monthly basis by the BDSV (Federal Association of German Steel Recycling and Disposal Companies) until further notice.

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