Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK
was assessed at £90-100 ($118-131) per tonne on Friday, up from £85-95 per tonne on August 7. Some sources said offer prices were as much as £110 per tonne in dockside areas where domestic trade competes with export business.
“The light iron market is even as high as £100-110 per tonne in parts of the country,” one trader said.
“Shredded scrap supplies are very tight due to the UK economy operating at...