Prices for light iron scrap in the United Kingdom were steady this week while the market processed a price reduction made last week to 5C and monthly prices due to ongoing market headwinds, sources told Fastmarkets on Friday December 21.
Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?65-95 ($82-120) per tonne on December 21, flat week on week, but remaining at its lowest level since October 2017 after it decreased from ?75-105 per tonne on December 7.This week, merchants who had not made the ?10 reduction to prices last week confirmed that they had now followed the trend of others.UK sources recently told Fastmarkets...