UK SCRAP: Light iron market steady on export price gains

The inter-merchant spot price for light iron scrap in the UK was unchanged in the week ended Friday November 29, based on a steady increase in European export prices to Turkey and regular demand from major British shredders, trade sources told Fastmarkets.

In the near term, year-end holidays in the UK and across Europe, as well as winter conditions, are expected to underpin or possibly raise scrap collection costs.
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. The market has been steady for two consecutive weeks.

Published

Declan Conway

November 29, 2019

19:24 GMT

Galway