UK SCRAP: Light iron market moves up ending four weeks of stability

The inter-merchant spot market for UK-origin light iron scrap moved up by £5 ($6) per tonne in the week ended Friday November 1 following the upturn in key export markets, ending a four-week run of price stability.

Fastmarkets’ price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was £65-85 ($84-110) per tonne on Friday, up from the £60-80 per tonne where it had remained since September 27.

This stability in the 5C price was linked to steady demand from major processors which needed to...

Published

Carrie Bone

November 01, 2019

17:00 GMT

London