UK light iron scrap market supported on renewed export demand

The UK light iron steel scrap spot market was steady for a second consecutive week on Friday May 26, with merchants reporting renewed demand from key world importer Turkey ahead of the northern hemisphere summer slowdown in heavy industry in July and August, sources told Fastmarkets.

The UK light iron scrap market has been falling steadily from well above £230 ($284) per tonne in the past couple of months after a bull run for most of...


Declan Conway

May 26, 2023

16:19 GMT