UK SCRAP: Light iron market drops on weaker exports

The inter-merchant spot market for light iron scrap in the UK dropped in the week ended Friday January 31, with British domestic prices dragged down by persistent weakness in the European export market to key buyers in Turkey and the Indian subcontinent, sources have told Fastmarkets.

Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was £85-95 ($111-124) per tonne on Friday, down from £95-110 per tonne a week earlier.


Declan Conway

January 31, 2020

19:48 GMT