Today’s Snapshot — 2026-07-14
Top mover: Steel scrap HMS 1&2 80:20 cfr Turkey (SteelOrbis ex-Baltic index) revised down to $363–368/t (−0.94%) after a Marmara mill booked a 25,000t ex-Baltic (Poland) cargo at $363/t CFR for very prompt shipment — the week’s first fresh confirmed deal, printing below the prevailing ~$369 general level.
Notable prices:
- HMS 1&2 80:20, cfr Turkey (K general) = $369.0/t (flat, 0%) — held; US-origin quoted $371.5
- HMS 1&2 80:20 US-origin, cfr Turkey (FM MB-STE-0417) = $364.76/t (flat, 0%)
- HRC index, fob mill US Midwest (FM MB-STE-0184) = $58.06/cwt (+0.60, +1.04%) — turned back up
- Iron ore KORE 61% Fe, cfr Qingdao = $98.68/t (−0.25, −0.25%)
Headline driver: BIR says the global scrap market remains volatile as Turkish demand weakens; the confirmed $363 Baltic print landed as EU sellers head into summer holidays, though SteelOrbis notes some revival in Turkish buying interest.
Action signal: Wait — the $363 deal sits below our $366 forecast central; don’t chase offers up toward $369, watch for further softening as the holiday lull thins liquidity.