United Kingdom — Electricity disadvantage remains a major steelmaking concern UK Steel forecast domestic producers would pay approximately £91 per MWh for electricity in 2026/27. That compares with £61 in France and £79 in Germany. The association estimated a £66 million annual disadvantage against French electricity prices. It proposed a mechanism compensating industry when UK wholesale prices exceed a European benchmark. UK Steel argued that competitive electricity costs are essential for investment and the transition to lower-carbon production.
United Kingdom — Light iron scrap remains stable Domestic grade 5C light iron scrap held at £115–125 per tonne on October 16. Processors reported balanced incoming merchant material and outgoing deliveries to shredders. Steady mill and foundry demand provided little reason to change purchasing prices. Shredded scrap exports also remained unchanged at $368.49 per tonne FOB. Participants expected the domestic range to persist through the remainder of October.
