Scrap/Metal News
- WEEKLY SCRAP WRAP: Global prices surge on US cut in tariff for Turkey 24/05/2019Global ferrous scrap prices rallied during the week ended Friday May 24 in response to the United States’ reduction of the tariff on imports of Turkish steel, with the exception of Vietnam, where buyers adopted a more cautious stance.
- UK SCRAP: Light iron market climbs on higher demand, lower availability 24/05/2019The UK’s light iron market picked up over the week ended Friday May 24, gaining back some of the losses made earlier this month when the cost of British exports to Turkey went down, with domestic demand and relatively tight availability prompting higher offer prices in the UK, sources told Fastmarkets.
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