The inter-merchant spot price for light iron scrap in the UK has moved higher by ?5 ($6) per tonne in the week to Friday May 29, the first price movement in May.
Reduced arisings from scrap generation amid a slump in manufacturing and construction is outweighing slow demand from steelmakers.UK steel scrap markets may get further support from relatively slow but steady trade from Europe into key destinations such as Turkey and the Indian subcontinent. Both Turkish and Indian import steel scrap prices from Europe...