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German scrap prices skyrocketed at the beginning of March due to the Russian invasion of Ukraine and short supply, according to German scrap market participants. Most sources expect new hikes this month. Prices in southern Germany and in most other parts of the country increased by €80-90/tonne ($88-100/t) this month, a German participant tells Kallanish. Nationwide average prices for old thick scrap sort 3 are up from €450/t to €530/t. The price f…
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