The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday March 6, marking four weeks of stability but ahead of an uncertain outcome in negotiations for monthly deliveries to British steelmakers from domestic suppliers this month, sources have told Fastmarkets.
Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?70-90 ($90-116) per tonne on Friday. The market was at a year-to-date peak of ?95-110 per tonne in mid-January."There has been no change in light iron prices in the past week, with ?85 per tonne being reported as the top price, although...