UK STEEL SCRAP WEEKLY: Prices narrow upward on firm fundamentals

The price for UK light iron scrap narrowed upward in the week to Friday April 9 as a result of the rising international market in key export destinations, sources told Fastmarkets.

Fastmarkets’ price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was £145-155 ($199-213) per tonne on Friday, up by £5 per tonne on the low end of the range from £140-155 per tonne on April 1.

Most market participants reported a £5- to £10-per-tonne increase to the light iron price, with some...

Published

Carrie Bone

April 09, 2021

16:58 GMT

London