Prices in the British market for steel scrap deliveries to domestic steelmakers have increased for the third straight month, sources said on Tuesday July 13.
They cited tight supplies, notably from arisings in car production, and steady exports into deep-sea markets, with unusually strong demand from the United States."Talks [on monthly scrap deliveries] have been protracted this month, with a reluctance [among consumers] to accept [paying] more than a rollover," a major scrap processor told Fastmarkets, adding that his firm had agreed an increase of ?10 per tonne above...