The light iron scrap market in the United Kingdom is unchanged this week, extending a steady trend from the previous week, although signs are emerging that prices may fall in the near term.
The market has been steady for two weeks in a row after four weeks of price rises stemming from strengthening demand to key export markets such as Turkey and the Indian subcontinent. Metal Bulletin's price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?105-135 ($148-191) per tonne on Friday March 23. This compares with a price of ?90-115 per tonne on February...