German scrap prices skyrocketed in March due to the Russian invasion of Ukraine and short supply, according to German scrap market participants. Most sources expect uncertainty to cloud the market going forward.
Prices in southern Germany and in most other parts of the country surged by €80-110/tonne ($87-120/t) this month, a Bavarian buyer tells Kallanish.
Nationwide average prices for old thick scrap sort 3 are up from €450/t to €550/t. The price…
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