UK SCRAP: Grade 5C prices buoyed by exports, scarcity
UK light iron scrap market prices have climbed again over the past week, extending a move higher from the previous week, thanks to buoyant demand in export markets that has tightened availability, sources have told Metal Bulletin.
Metal Bulletin assessed the price of United Kingdom grade-5C scrap
at £80-105 ($106-140) per tonne on Friday November 24, an increase of £5 from the previous week. The market hit a three-year peak of £95-130 per tonne in the first half of September.
The UK market has tracked the performance of the Northern European scrap...