Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK
, was up by £5 per tonne to £85-95 ($107-119) per tonne on Friday.
Scrap generation in the UK has not returned to the levels seen before the lockdown measures to contain the spread of the Covid-19 pandemic were introduced in March. Consequently, there has been a fall in scrap arisings from vehicle and white goods scrappage, as well as a drop in the numbers of demolition projects.
Price support has been built on relatively firm demand in European steel scrap exports to traditional buyers in Turkey and the Indian...