The price for UK light iron scrap narrowed upward in the week to Friday April 9 as a result of the rising international market in key export destinations, sources told Fastmarkets.
Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?145-155 ($199-213) per tonne on Friday, up by ?5 per tonne on the low end of the range from ?140-155 per tonne on April 1.Most market participants reported a ?5- to ?10-per-tonne increase to the light iron price, with some...