UK SCRAP: Light iron market stable on firm Turkish imports

The inter-merchant spot price for light iron scrap in the UK was stable in the week ended Friday November 22, with steady demand into domestic major shredders and solid business levels into Turkey from Europe cementing British prices, trade sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was unchanged at £75-90 ($97-116) per tonne on Friday.
“European steel scrap demand from Turkey and India is quite strong and hopefully it will stay that way,” one UK industry source told Fastmarkets.

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Declan Conway

November 22, 2019

17:34 GMT