UK SCRAP: Lack of material continues to push up light iron scrap price

The inter-merchant spot price for light iron scrap in the United Kingdom moved up for the second consecutive week on Friday June 5, driving by ongoing tight material availability.

Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was £65-80 ($82-100) per tonne on Friday, up from £60-70 per tonne on May 29.

This is the second week the price has risen after a four-week period of stability throughout May. Many of the UK’s steel companies are slowly returning to work after the lockdown period in the country after many companies closed their...

Published

Carrie Bone

June 05, 2020

17:45 GMT

London