Only borings bucked the trend, with the price increasing by only £25 per tonne.
Trend-indicating grades in the UK such as HMS 1&2 (old steel) and OA (plate and structural) are now priced £195-220 ($271-305) and £215-240 per tonne delivered, respectively. The markets overall are back up to a level last seen in September 2017, a peak month for that year.
A steady run higher in the past few weeks in deep-sea exports to Turkey and in container prices to the Indian subcontinent has encouraged stronger demand for UK domestic scrap supplies, sources said.
“The bigger suppliers...