The price spread for UK inter-merchant light iron scrap widened over the week to Friday September 4, rising by ?5 ( ?$7) per tonne at the top end of the latest assessed range, with firm fundamentals and steady export demand encouraging active trading, industry sources told Fastmarkets.
Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?95-110 ($126-146) per tonne on Friday, compared with ?95-105 per tonne previously."British steel scrap is a strange market at the moment. While prices in Turkey are definitely up, with some [upward] pressure on port prices, we think that everyone...