The inter-merchant spot market for light iron scrap in the UK was steady for a fifth consecutive week, but there may be losses in the near term as other grade spot prices delivered to British steelmakers dropped after monthly settlements were agreed up on February, sources told Fastmarkets.
Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?70-90 ($89-114) per tonne on Friday March 13. The market was at a year-to-date peak of ?95-110 per tonne in mid-January."There has been no significant change in...