European scrap metal supply still lags pre-Covid levels; high-volume model to fade out

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still falling short of pre-Covid-19 levels, the "high-volume, low-margins" model adopted by giant recyclers could be out-of-date, industry executives said.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,...

Published

Julian Luk

December 02, 2020

07:13 GMT

Hong Kong