The light iron market in the UK has not changed over the past week, extending this trend into a sixth week with prices supported by a slightly tighter supply of feedstock coming into yards, sources told Fastmarkets on Friday April 26.
The trend reflected a similar pattern in business in the European export markets to key destinations such as Turkey and the Indian subcontinent.Fastmarkets' weekly price assessment of the UK grade-5C ferrous scrap price on an inter-merchant basis was ?90-110 ($116-142) per tonne on April 26. The price has been unchanged since March 15.The UK market...