UK domestic light iron scrap market down on weaker exports

The light iron scrap market in the United Kingdom softened in the week to Friday May 20, extending a downward trend that has seen average losses of almost 23% in the past few weeks in line with weaker exports to Turkey and the Indian subcontinent, trade sources told Fastmarkets.

The light iron market may have fallen further in price in recent weeks if not for relatively tight domestic availability, although some traders reckon the market may drop to £160-170...


Declan Conway

May 20, 2022

16:16 GMT