The light iron scrap market in the UK was steady for a third week on Friday April 27, with business sufficiently active to support current prices, Metal Bulletin has heard.
But lower export prices to major overseas buyers of European scrap such as Turkey may undermine the UK market in the near future.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-120 ($125-167) per tonne on April 27. This compared with a price of ?90-115 per tonne on February 9, an annual low.UK monthly delivery prices to consumers fell in April against weakening export prices."[There were] no changes in inter-merchant prices this week, but there is a...