Prices for light iron steel scrap in the United Kingdom have slipped at the top end of the current range amid steady trading, with the market buoyed by a recovery in export prices so far this month, sources told Fastmarkets on Friday March 8.
The inter-merchant light iron scrap price, which dropped ?5 ($6.60) per tonne last week, has been reacting to a fall in export prices in late February, although the UK market is expected to be stable over the next week while the European deep-sea business has since pared losses.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-110 ($119-146) per tonne on March 15, off ?5 at the upper end of the range in...