Today’s Snapshot — 2026-07-09
Top mover: US CRC ex-works +$90/s.ton (+7.1%) to $1,350 (K) — tight domestic sheet supply pushing US HRC and CRC sharply higher behind Section 232.
Notable prices:
- HMS 1&2 80:20, cfr Turkey (K) = $369.0/t (−1.50, −0.40%)
- Baltic-origin HMS 80:20, cfr Turkey (K) = $366.5/t (−3.50, −0.94%)
- US-origin HMS 80:20, cfr Turkey (FM MB-STE-0417) = $364.76/t (−8.00, −2.15%)
- HMS 80:20, cfr Bangladesh (K) = $362.5/t (−10.00, −2.68%)
Headline driver: “Turkish scrap market weakness continues” — mills keep pressing lower, dragging US-origin CFR Turkey to a fresh sub-$365 print while Asian buyers (Pakistan now sub-$400, Bangladesh −$10) retreat.
Action signal: Wait — Turkey/Bangladesh scrap still falling with no confirmed floor; sub-$365 leg now printing (Baltic $366.5, US-origin $364.76). Hold fresh cargo offers; do not chase the bid down.