The spot price for light iron steel scrap in the United Kingdom went up during the week to Thursday April 1, climbing with domestic dealers competing more keenly for supplies against firmer demand for exports out of Europe to the key overseas buyer, Turkey, sources have told Fastmarkets.
The price was up mostly in areas close to UK ports, where domestic steel scrap demand was strongest from major shredders that also export material to deep-sea destinations such as Turkey and the Indian subcontinent.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?140-155 ($193-213) per tonne on Thursday, widening upward slightly from...