Prices on German steel scrap market skyrocket at the beginning of 2021

Mark-ups reach high double-digits or even triple-digits

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(D) – On the German steel scrap market, 2020 ended with a price rally that was in many ways unprecedented. And though prices were expected to continue to trend higher in January, market participants were stunned by the magnitude of the price surge. "It is crazy, crazy, crazy," said one trader, commenting on the ...

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