The inter-merchant spot market for UK light iron scrap remained steady in the week to Friday August 23 - for the ninth week in row - due to stable summer market conditions, sources told Fastmarkets.
Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was flat week on week at ?80-100 ($97-121) per tonne on Friday August 23. Market sources reported relatively tight availability of material for major shredder companies as well as slow consumer...