UK STEEL SCRAP WEEKLY: Price range rolls over; traders eye October talks

October 02, 2021 / www.metalbulletin.com / Article Link

The inter-merchant market for light-iron steel scrap in the UK was steady for the second week in a row in the week to Friday October 1, with major processors holding their offer prices stable to ensure a steady stream of supply into their yards, sources said.

Fastmarkets' weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant UK was ?170-190 ($229-256) per tonne on Friday, unchanged from the previous week.
Sourcing enough scrap to keep their machines cost-effective has been a challenge for major processors for the past few months, although it has supported offer prices and encouraged a steady stream of supply.

European exports into the Indian subcontinent have been generally well-held in that time, although export prices into Turkey have drifted down by around $80 per tonne since May. 80% of the 10 million tonnes of steel scrap typically generated by the UK...

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