The most recent transaction was on February 20, when a steel producer in northern Turkey booked a US cargo at prices of $440 per tonne for shredded and $445 per tonne cfr for bonus.
The transaction raised the daily scrap indices by more than $15 per tonne
at the beginning of this week.
But suppliers have continued to increase their offers since then in response to increasing freight costs and firm demand.
Offers from the Baltic Sea area and the United States increased to $440-455 per tonne cfr on an HMS...