UK STEEL SCRAP WEEKLY: Tight supply, bullish sentiment support prices

October 31, 2020 / www.metalbulletin.com / Article Link

Prices for inter-merchant light iron scrap in the UK market were stable over the week to Friday October 30 on tight supply, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?95-105 ($123-136) per tonne on October 30, unchanged from the week before.

Scrap collection has been 40% below the usual level for this time of the year, market sources said,...

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