Upturn in UK steel scrap exports stems losses in domestic market

An unexpected increase in UK steel scrap export demand from traditional buyers in Turkey has stemmed losses in the British domestic light iron price in the week ended Friday January 27, according to trade sources.

Fastmarkets’ weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant UK was £180-205 ($223-254) per tonne on Friday, down £5 per tonne from £185-210 per tonne,...

Published

Declan Conway

January 27, 2023

16:47 GMT

Galway, Ireland