Today’s snapshot — 2026-08-14
Top mover: Turkish rebar export +$7.50 (+1.33%) to $570–575/t FOB — mills lifting finished offers while their scrap input eased, the first clear margin expansion of the month.
Notable prices:
- US-origin HMS 80:20 CFR Turkey = $375.24 (−$1.87, −0.50%) — freeze broken, downward
- Rotterdam HMS 80:20 FOB = $329.76 and UK export FOB = $333.29 (both −$1.87, −0.56%)
- Shredded CFR Turkey = $387.74 (−$1.87, −0.48%)
- US-origin HMS CFR Taiwan = $323–327 (−$2.00, −0.61%), now level with Los Angeles FOB at $323.00
Headline driver: The desk brief leads on freight — attacks on two Gulf-operated vessels sent Hormuz conditions sharply worse with traffic far below normal, and no carrier surcharge has been withdrawn. ⚠️ Its “Turkey firm” read is contradicted on scrap: the whole Fastmarkets deep-sea chain cut $1.87 in lockstep. Firmness sits in finished steel — rebar +1.33%, billet +0.94% — not in the raw material.
Action signal: Press origin on the $1.87 cut across UK and Rotterdam FOB. No chasing Turkey: scrap eased, and the $380 ceiling still needs a cargo.