Today’s snapshot — 2026-09-30
Top mover: Wire Rod FOB Egypt jumped to $640.0/t (+15.00, +2.40%), the day’s biggest move, as Kallanish’s own reporting flags Black Sea and East Mediterranean freight disruption pressuring regional steel trade.
Notable prices:
- Wire Rod FOB Egypt = $640.0 (15.00, 2.40%)
- Nickel = $15985.0 (-180.00, -1.11%)
- Iron Ore 62% Fe CFR China = $95.00 (-1.04)
- Zinc = $3865.2 (3.65, 0.09%)
Headline driver: Kallanish’s own article headline reads “Turkish scrap market stalls amid freight, demand pressures,” citing collapsed Russian Black Sea loadings and Baltic ports failing to compensate — consistent with today’s flat Turkish CFR scrap prints (unchanged third straight session) even as adjacent freight-sensitive benchmarks like Egyptian wire rod moved sharply.
Action signal: No action on Pakistan or Turkish ferrous — both unchanged again; watch nickel’s fourth straight declining session (down ~2.4% over three days) before fixing any non-ferrous quote.