UK SCRAP: Light iron market extends stability

The inter-merchant spot market for light iron scrap in the UK was unchanged in the week ended Friday February 21, stable for a second week amid steady demand and regular increases in European scrap export prices, sources have told Fastmarkets.

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...


Declan Conway

February 21, 2020

18:28 GMT