The UK light iron scrap market was stable in the week to Friday June 22 for the 11th week in a row, with market sentiment suggesting an increase next week in line with expected renewed demand from Turkey, sources said.
Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-120 ($119-158) per tonne on Friday. This compares with the low for the year to date of ?90-115 per tonne from February 9. The inter-merchant light iron scrap market has been quieter for prompt business this week after monthly delivery settlements to UK consumers were settled last week."There is not much happening on UK internal purchase prices at the moment," one trader said. "Most deals have been done for...