Today’s snapshot — 2026-10-05
Top mover: Turkey’s US-origin HMS 80:20 (Fastmarkets) broke its five-session freeze, easing to $399.72/t (-4.28, -1.06%), the first physical move off $404.00 since 28 September.
Notable prices:
- Turkey HMS 80:20 US-origin = $399.72 (-4.28)
- Zinc = $3698.35 (-28.38)
- HRC Turkey Ex-Works = $640.0 (5.00)
- US HRC Midwest = $62.61 (0.46)
Headline driver: Per the sanitized desk brief, the long-cited $440-445/MT Pakistan supplier-offer figure has been identified as sourced from a stale January-2024 article rather than a current 2026 reference and is being retracted from use; separately, physical Turkey HMS finally broke its five-session plateau to the downside while zinc extended its decline further.
Action signal: Wait on Pakistan pricing — rebuild any working range from executable buyer bids and live freight, not the now-retracted $440-445 figure; also wait on non-ferrous fixing given zinc’s continuing slide, and watch whether Turkey’s break below $400 extends into a genuine reversal.