UK light iron scrap market consolidates gains

The UK light iron steel scrap market was steady in the week to Friday September 15, consolidating gains from the week prior when prices jumped by almost 11% against a jump in exports, with suppliers holding their offer prices against a pick-up in domestic demand and support drawn from an expectation of a possible resumption in export demand in the near term, industry sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was £170-185 ($211-229) per tonne on September 15, unchanged from the week before.

“The market...


Declan Conway

September 18, 2023

12:05 GMT