The inter-merchant spot market for UK light iron has been unchanged over the week to Friday July 26, extending a steady trend for the fifth consecutive week while being supported on limited volumes of material made available to major processors, sources told Fastmarkets.
Fastmarkets' assessment of the price for steel scrap 5C, loose old light, domestic, inter-merchant, was ?80-100 ($100-125) per tonne on July 26, unchanged week on week."Most traders are more concerned with incoming scrap tonnages at the moment, there is not as much around as there...