Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK
, was £70-90 ($90-116) per tonne on Friday. The market was at a year-to-date peak of £95-110 per tonne in mid-January.
“There has been no change in domestic light iron prices; they are stable,” one UK-based supplier said.
“Higher steel scrap prices into Turkey in the past 10 days have been supportive for the light...