Tight steel scrap supply in the UK, due to reduced car production and demolition projects, in addition to strong demand for feedstock from steelmakers, has pushed up domestic scrap prices in June for the second month in a row, sources said on Tuesday June 15.
Scrap supplies in the UK and across Europe have been further tightened by steady export demand into traditional destinations such as Turkey and the Indian subcontinent, sources said.Scrap from new car production has been dented because car makers struggle to source crucial semi-conductors, which are used to run everything...