UK light iron scrap market readies for new multi-year high

The United Kingdom inter-merchant light iron steel scrap spot price was steady for the third consecutive week on Friday November 19, but strong demand is expected to push up prices by the end of the month against relatively tight supply, trade sources said.

The UK market is at its highest level so far this year and any move up to £200 ($270) per tonne would be the first time the British market has hit that mark since April 2010 when prices were assessed at £205-215 per tonne.

Fastmarkets assessed steel scrap 5C, loose old light, domestic, delivered inter-merchant UK at £185-195 ($250-263) per tonne on...

Published

Declan Conway

November 19, 2021

16:42 GMT

Galway

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