The steelmakers had booked a number of scrap cargoes late last week, resulting a more than
$6-per-tonne increase in the daily scrap indices.
A scrap supplier in the Baltic Sea region sold two cargoes at the end of last week at $458.50-460 per tonne cfr on HMS 1&2 (80:20) basis.
However, steel producers preferred to stay away from deep-sea bookings at the beginning of the week,...
