The British light iron market was stable over the week to Friday December 4, consolidating a steady run of gains through November ahead of expected increases in domestic delivery settlements for December, trade sources told Fastmarkets.
There have been persistently stronger prices in inter-merchant trading for grade 5C scrap in the past few weeks, with major processors competing for tighter scrapflows into yards.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?105-120 ($127-161)...