British business conditions were expected to remain difficult through the current quarter at least and, with export levels to key destinations such as Turkey and the Indian subcontinent expected to remain firm in the near term, more increases in British steel scrap prices were expected, they said.
Fastmarkets’ price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK
, was £145-155 ($200-214) per tonne on April 16, unchanged from April 9.
“The monthly market in April was steady, and there is still the situation of reduced availability into scrapyards from a fall in arisings,” one source said. This...