TDC Ventures
Global scrap market intelligence
03 NOV 2026
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Movers
Turkey Shredded CFR (Kallanish)
$420.5
+$1.50 · +0.36%
Turkey Shredded CFR (Fastmarkets MB-STE-0095)
$418.24
+$1.05 · +0.25%
Published CFR Port Qasim shredded (Fastmarkets MB-STE-0887)
$414.79
−$0.56 · −0.13% · 30 Oct print
US East Coast HMS 80:20 FOB (Kallanish)
$353.0
+$6.50 · +1.88%
Pakistan level above is the published CFR Port Qasim shredded price (Fastmarkets).
Top 3 actions today
Check
Pakistan's Friday reading on Monday. WHAT: ask for dated, written buyer bids before paying above it. WHEN: Monday. PRICE: $415.35 per tonne (October 23rd). WHY: Pakistan has not yet shown whether it follows Turkey.
Do
not chase Turkish shredded offers at $419. WHAT: test bids near Fastmarkets' level. WHEN: this week. PRICE: $414.08 per tonne at Fastmarkets, $419 at Kallanish. WHY: only Kallanish shows the higher shredded price.
Fix
payment and shipping terms before any advance leaves. WHAT: agree a bank guarantee, escrow or documentary credit, and get two written 20FT quotes. WHEN: before any money moves. PRICE: about $41.80 per tonne from New York on October's 20FT rates. WHY: payment safety is what closes deals.
TL;DR — 5 things to know
- Pakistan's published CFR Port Qasim shredded price (Fastmarkets) is $415.35 per tonne, dated October 23rd. Friday's reading arrives Monday.
- Turkey's shredded scrap rose $5 to $419 per tonne at Kallanish and $4.17 to $414.08 at Fastmarkets.
- US East Coast export scrap fell $5.50 to $348.50 per tonne, moving against Turkey's rise.
- Iron ore, a steelmaking ingredient, rose $1.45 to $93.20 per tonne.
- Zinc jumped $164 to $3,890 per tonne. Copper slipped $20 to $14,250.
What changed
Turkey Shredded CFR (Kallanish) $420.5 (+$1.50, +0.36%); Turkey Shredded CFR (Fastmarkets MB-STE-0095) $418.24 (+$1.05, +0.25%); Published CFR Port Qasim shredded (Fastmarkets MB-STE-0887) $414.79 (−$0.56, −0.13%, 30 Oct print); US East Coast HMS 80:20 FOB (Kallanish) $353.0 (+$6.50, +1.88%)
Why it changed
Turkey fell on Monday after two Baltic cargoes sold near $383.50. It rebounded on Tuesday after a US cargo sold at $401 for a slightly different grade. Three publishers put the standard grade near $398.50. US export prices fell while Turkey rose. Oil stayed high, with Brent near $117.64 after a reported tanker attack near Hormuz on October 30th, yet no scrap price reacted. Pakistan's central bank is reported to have raised its interest rate to 12 percent, making import credit costlier. The EU's waste-export list is still a draft, and Pakistan is not on it for metal waste.
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Updated: 03 Nov 2026