Prices for inter-merchant light iron scrap in the UK increased over the week ended Friday May 7, extending a general rally since late March, sources have told Fastmarkets.
The market was likely to move higher, they added, given strong business conditions for European scrap exports into Turkey and the Indian subcontinent.Fastmarkets' latest price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?150-165 ($208-229) per tonne on April 30. This...