Today’s snapshot — 2026-10-20
Top mover: Kallanish KORE 61% Fe / Qingdao CFR rose $1.45 (+1.61%) to $91.75 for Mon 19 Oct, the largest move on the tape. The scrap prints around it were flat, so the ore bid is not yet showing up in scrap.
Notable prices:
- Pakistan Shredded CFR Port Qasim (Fastmarkets MB-STE-0887) = $414.07 (no new print; last assessed 16 Oct, -3.24)
- Turkey Shredded CFR (Fastmarkets MB-STE-0095) = $409.91 (0, flat)
- Turkey Shredded CFR (Kallanish) = $415.00 (0, flat)
- KORE 61% Fe Qingdao CFR (Kallanish) = $91.75 (+1.45, +1.61%)
Headline driver: The sanitized brief leans on Gulf scrap-shipping losses lifting Pakistan import sentiment, but gives no verified price. The physical tape shows no new Pakistan print and Turkey flat, so the claim is unconfirmed.
Action signal: No actionable signal today. Hold quotes and test Pakistan against grade-matched executable bids; the next MB-STE-0887 print is the 23 Oct assessment.