The UK market for deliveries of steel scrap to domestic consumers has increased again month on month, on tighter scrap generation against steady demand and higher export prices into traditional destinations, market sources told Fastmarkets on Friday June 12.
The move follows fewer scrap arisings in the wake of the Covid-19 lockdown, which resulted in falls in demolition projects in construction and a slump in auto manufacturing, where much of the steel scrap is sourced, in the past couple of months."Steel scrap suppliers were looking for plus ?20 per tonne, but the timing was wrong and the steelworks maintained their...