UK SCRAP: Light iron market holds steady; signing of monthly deals expected

The light iron steel scrap market in the United Kingdom has been stable in the week ended Friday January 11, extending a steady performance in prices to a fourth consecutive week.

The market’s focus is on the outcome of contact negotiations between British scrap suppliers and consumers in the steel industry, most of which are expected to be concluded early next week.
While some sources suggest deals have already been done, there is disparity between a fall of £10 and one of £25 per tonne, depending on grade. Still, one major UK consumer reported settling its monthly delivery settlements in January £15 per tonne lower than previously.

"We had been intending...


Declan Conway

January 11, 2019

16:11 GMT