The light iron scrap market in the United Kingdom was stable during the week to Friday August 27, with most trade sources reporting steady prices to ensure the flow of material into yards.
But some domestic consumers signaled a need for price cuts for monthly deliveries in October, sources told Fastmarkets.The UK export steel scrap market has been broadly stable in August despite quieter trade due to the seasonal slowdown. There has been low key but steady demand for European steel scrap into traditional deep-sea destinations such as Turkey and the Indian subcontinent, with Pakistan unusually strong due to a...