UK SCRAP: Light iron market extends price stability

The inter-merchant spot market for UK-origin light iron scrap was steady in the week ended Friday October 11, extending stability after losses in September against a small recovery in European export prices to traditional markets.

Fastmarkets’ price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was £60-80 ($74-98) per tonne on Friday. European steel scrap prices for the UK’s major export destinations, such as Turkey and India, have recovered slightly in the latest assessments and calculations after a generally steady run of losses through the year to date. Tighter availability, new restrictions on Russian steel scrap exports and renewed demand from...

Published

Declan Conway

October 11, 2019

17:25 GMT

Galway