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.
Market sentiment suggested that current business conditions in the UK, as well as in European export markets, may mean a recovery in British monthly delivery settlements for March after a loss of about £25 per tonne in February.
But signs of difficulties in getting containers in which to ship their scrap material, due to the global measures being taken...