UK SCRAP: Light iron price range narrows amid firm demand
The inter-merchant spot price for light iron scrap in the UK narrowed higher in the week ended Friday November 15, with firm demand possibly pushing up prices in the near term, trade sources told Fastmarkets.
Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK
, was £75-90 ($96-116) per tonne on Friday, up by £5 per tonne at the low end of the range from £70-90 per tonne previously.
Deals at the upper end of the current price range are being done where the major...