The price range for UK-origin light iron has widened downward in the week ending Friday January 22, with the lower end of the range falling because weaker export prices into traditional markets have put pressure on domestic prices in Britain, trade sources said.
This downward pressure was mitigated, however, by relatively tight supplies coming into yards, as a result of reduced arisings from the automotive and construction sectors."There has been no real change in light iron prices, as far as we aware," one industry source said. "Incoming steel scrap tonnages are a long way below normal and very few, if any,...