With European scrap metal supply still falling short of pre-Covid-19 levels, the "high-volume, low-margins" model adopted by giant recyclers could be out-of-date, industry executives said.
"Due to Covid-19-led lockdowns, we were at 30% of the normal capacity back then, now we are probably back to three-quarters but actual supply of copper scrap is not actually as high as it was," said Susie Burrage, president of British Metals Recycling Association (BMRA), during a panel discussion at a Fastmarkets webinar last week.The head of BMRA,...