UK STEEL SCRAP WEEKLY: Market firm, prices rises expected soon

The inter-merchant spot market for light iron scrap in the UK was unchanged in the week to Friday July 31, with prices remaining firm and expectations of increases to come, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was unchanged at £85-95 ($111-124) per tonne on Friday.
Material availability kept the price firm, with intake volumes of scrap into UK yards remaining lower than the levels seen before the Covid-19 pandemic, with one market source estimating current inflow at 85-90% of normal.

Published

Carrie Bone

July 31, 2020

15:38 GMT

London