UK FERROUS SCRAP: Prices roll over on short supply of material

The UK ferrous scrap market for deliveries to domestic consumers in July has settled at prices unchanged from the previous month, on a tightness in the volume of material on the market, trade sources told Fastmarkets on Friday July 12.

The market will soon slow down for the usual summer break, they predicted, when production will typically be reduced by workers’ holidays, and by plants’ maintenance and repair schedules. These typically cover the period from late July into August, further reducing the supply of material. “Prices should be coming down but there is a shortage of material, so they are holding up. The market should be dropping now for the holiday period, but everybody is standing their ground and holding on to...

Published

Carrie Bone

July 12, 2019

17:38 GMT

London