Prices for light iron steel scrap in the United Kingdom have been rolled over this week amid steady trading while regular inter-merchant business and firm demand from major shredders support the market, sources told Fastmarkets on Friday March 22.
Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-110 ($118-145) per tonne on March 22. The current price range showed a 33% increase from the range of ?60-90 per tonne on January 18.Some sources reported that tonnage levels were well down on volumes usually seen in the northern half of England, where there are major ports competing for steel scrap cargoes, such as...