The UK light iron scrap market was stable over the past week for the ninth week in a row amid mixed reports of monthly delivery settlements to consumers in June, industry sources told Metal Bulletin on Friday June 8.
The inter-merchant light iron scrap market will probably move in line with monthly delivery settlements that should be finalized next week, sources said. Some sources reported that monthly settlements to consumers for June had been rolled over while others said there had been a drop of ?10 per tonne across the dozen ferrous scrap markets published by Metal Bulletin. One consumer expects a fall of ?10 per tonne in June settlements, he told Metal Bulletin, but that his company was in negotiations with suppliers on Friday. Prices were rolled over for deliveries...