Prices for inter-merchant light iron scrap in the UK were steady over the week ended Friday May 28, consolidating firm gains from the previous week that hit a nine-year peak, with increases possible in talks due next week between suppliers and steel mills, trade sources have told Fastmarkets.
Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?170-180 ($241-255) per tonne on Friday, unchanged from a week earlier. The market was at its highest since April 2012, when the price range was assessed at ?180-185 per tonne."We are not seeing any change in prices at the moment. There are still some high anomalies but those are not in...