UK STEEL SCRAP WEEKLY: Market drops on weaker exports

August 07, 2021 / www.metalbulletin.com / Article Link

The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne over the week ending Friday August 6, with weaker European export markets into Turkey and the Indian subcontinent dragging down British dockside prices, which had a knock-on effect on the domestic market, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?175-190 ($243-264) per tonne on Friday, down by ?5 week on week. UK dockside prices have dropped ?10-20 per tonne over the week, sources said.

British trade sources said relatively low levels of domestic availability, firm demand from major scrap processors and a high chance of renewed demand from UK steelmakers should support the light iron market in the near term. British scrap suppliers...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok