UK SCRAP: Light iron market stable, consolidates gains

The inter-merchant spot price for light iron scrap in the United Kingdom was steady in the week ended Friday December 20, consolidating gains of ?15 per tonne made over the month.

A solid increase in European steel scrap export prices has been support to the British market.
The UK market, both on an inter-merchants level and to steel mills, has been strengthening over the fourth quarter - exporters have been securing higher prices for business with importers from Turkey and the Indian subcontinent.

Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was an unchanged ?90-105...

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