UK light iron prices down $6 as export markets soften

Prices for grade-5C scrap in the UK fell by £5 ($6) per tonne this week as conditions in the export market deteriorated sharply, sources told Metal Bulletin on Friday March 24.

Metal Bulletin’s price assessment for light iron, grade-5C scrap was £70-95 ($87-119) per tonne delivered on Friday. This compared with £75-100 ($94-125) per tonne delivered one week ago.

Market participants were divided in their responses to the dramatic fall in Turkish import scrap prices, which have gone down by $35-38...


Lee Allen

March 24, 2017

18:50 GMT