Prices for domestic light iron in the United Kingdom moved down by ?10 per tonne this week after a softening in key export markets including Turkey, sources told Metal Bulletin on Friday April 6.
Turkey is the world's largest ferrous scrap importing country, but has not bought a UK-origin scrap cargo since the beginning of March because of the market uncertainties linked to the new import tariffs in the United States that affect Turkish steel shipments.Metal Bulletin's price assessment on April 6 for UK grade-5C ferrous...