Some UK suppliers have managed to achieve small price increases of a few pounds per tonne but, overall, monthly settlement prices were concluded unchanged between the country’s suppliers and consumers.
This followed a £10 ($13) per tonne drop in September delivery prices.
“One major supplier agreed a rollover with its customers quite early on, and that set the scene for the rest of us,” one industry source told Fastmarkets.
“There were a couple of guys pushing for an extra £5-10 per tonne increase, but they eventually accepted the inevitable,” he added.
“There were some very minor adjustments due to incorrect pricing in September, but overall [it was] a simple negotiation with agreement from both sides,” one major supplier said.
UK steel scrap...