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Steel Scrap Prices

Volume 463: debated on Monday 11 April 1949

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asked the Minister of Supply what is the price of German steel scrap which is being purchased by a Government agency; what the cost is of delivery to Scottish ports; and how these prices compare with world prices.

The export price of German steel scrap is £7 2s. 6d. a long ton free alongside German port. The average cost of delivery to Scottish ports, including the cost of handling at German ports, brings the price to £9 2s. 6d. a ton free alongside Scottish ports. The price of £7 2s. 6d., reached by agreement between the United Kingdom and the United States Governments, was based on the world price ruling in October, 1948.

Is not the right hon. Gentleman aware that this price is £3 more than the home price for scrap, and that the world price is falling? Will he approach the United States Government with a view to seeing that it is brought more or less into line with the American price, which is 20 dollars per ton, compared with 28 dollars per ton?

The difference between the home price and the German scrap price arises from the fact that there is a strict control of the home price, which keeps it low. There may be some revision of the German scrap price.