Prices in the light iron scrap market in the United Kingdom edged downward by ?5 per tonne on Thursday March 29, bringing last week's predictions by traders of imminent price falls to reality.
Weaker export markets made larger merchants lower their prices, leading to the first drop in prices for four weeks, after three weeks of stability.Metal Bulletin's price assessment for UK grade-5C ferrous scrap on an inter-merchant basis on March 29 was...