UK ferrous scrap prices down £8-10 in May on export drop-off

May 11, 2012 | 10:41 AM |

Ferrous scrap prices in the UK market dropped by around £8-10 ($13-16) per tonne for deliveries in May as a weakness in the export market led to lower domestic levels, merchants told Metal Bulletin. One mill settled its May tonnage last week at prices £10 per tonne down, while the second mill paid between £8-10 per tonne down depending on grade.  OA plate and structural scrap for delivery in May stood at £254-265 per tonne delivered, down from £262-275 a month earlier, while....

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