The most recent confirmed transaction was done from the United States on October 9. A Turkish steel producer booked a cargo comprising 23,000 tonnes of HMS 1&2 (80:20) at $233 per tonne and 17,000 tonnes of shredded at $238 per tonne cfr.
The transaction raised the daily scrap indices by more than $6 per tonne on October 9.
But a Turkish military operation in northern Syria quietened the market yesterday.
Some market participants had been expecting the US to consider replacing...
