UK STEEL SCRAP WEEKLY: 5C market reverses downward trend

The price for UK light iron scrap moved up for the first time in five weeks on Friday February 19, linked to tight supplies and an improving international market, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was £140-150 ($195-209) per tonne on Friday, up from £120-135 per tonne on February 12.

Prices were now back where they had been on January 15, when they peaked before the start of a downward trend. Market...

Published

Carrie Bone

February 19, 2021

16:57 GMT

London