UK STEEL SCRAP WEEKLY: Light iron market hits 2020 high, more gains expected

November 21, 2020 / www.metalbulletin.com / Article Link

Prices for inter-merchant light iron scrap in the UK market were higher over the week to Friday November 20, adding to gains made the week before amid strong European export markets to Turkey and the Indian subcontinent, sources told Fastmarkets.

The British light iron market was likely, along with monthly delivery settlements to domestic consumers in December, to climb more firmly in the near term if current conditions persisted, the sources added.
Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?100-115 ($132-152) per tonne on November 20, widening upward by ?5 per tonne from ?100-110 per tonne a week earlier, and hitting a 2020 year-to-date peak.

Some sources suggested that the market was mostly steady week on week...

Recent News

Immediate trigger for crash was new Fed Chairman pick

February 02, 2026 / www.canadianminingreport.com

Gold stocks slump on metal price decline

February 02, 2026 / www.canadianminingreport.com

Is the gold market starting to turn 'irrationally exuberant'?

January 26, 2026 / www.canadianminingreport.com

Gold stocks explode up as equity markets languish

January 26, 2026 / www.canadianminingreport.com

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok