The light iron market has been steady in the UK over the past week, tracking unchanged prices in the consumer monthly delivery market against steady demand for British steel scrap exports to Turkey and India, sources told Fastmarkets on Friday June 14.
Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?85-105 ($108-133) per tonne on June 14, flat week on week.The light iron market was steady for a third consecutive week, given the demand among major domestic shredders keen to make their machines cost-effective with a high volume of feed. Added to that has been a steady European export trade to key...