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UK intermerchant ferrous scrap prices rise again

July 28, 2010 - 12:19 GMT Location: London

KEYWORDS: UK , ferrous , scrap , prices

Major UK merchants have increased offers to smaller merchants for the second time in two weeks on the expectation that sales prices will rise in August or September, market participants told MB

OA plate and structural reached £215-225 ($334-350) per tonne this week, up from £210-220 per tonne last week. Old steel 1&2 sold at £180-190 compared with £180 last week. 5C loose old light changed hands at £140-150 per tonne, up from £140 last week. However, the...

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