The inter-merchant spot market for light iron scrap in the UK moved up over the week ended Friday July 17 after being unchanged since June 12, with tighter supplies for delivery into yards seeing higher prices, industry sources said.
Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was up by ?5 per tonne to ?85-95 ($107-119) per tonne on Friday.Price support has been built on relatively firm demand in European steel scrap exports to traditional buyers in Turkey and the Indian...