Today’s snapshot — 2026-10-27
Top mover: Fastmarkets Rotterdam HMS 1&2 (80:20) FOB (MB-STE-0420) fell $8.23 (−2.35%) to $341.77 for Mon 26 Oct, the same re-base that hit every Fastmarkets Turkey leg; Fastmarkets cites two Baltic-origin cargoes booked at $383.50 CFR.
Notable prices:
- Turkey Shredded CFR (Fastmarkets MB-STE-0095) = $401.68 (−$8.23, −2.01%)
- Turkey HMS US-origin CFR (Fastmarkets MB-STE-0417) = $386.49 (−$8.23, −2.09%)
- Turkey Shredded CFR (Kallanish) = $415.0 (+$1.00, +0.24%)
- Published CFR Port Qasim shredded (Fastmarkets MB-STE-0887) = $415.35 (+$1.28, +0.31%, 23 Oct print; no newer row)
Headline driver: The sanitized brief points to higher Pakistani funding costs and Gulf shipping risk, with no verified Pakistan price; the tape shows neither in scrap: Fastmarkets Turkey fell $8.23 on two booked Baltic cargoes and weak long-steel demand, while Kallanish Turkey shredded rose $1.00. Maersk’s 27 Oct notices add a Baltic/Nordic inland surcharge from 28 Oct and a contract-only Gulf one from 9 Nov; neither is a Pakistan rate.
Action signal (if any): No actionable price signal today. The brief’s desk read is to prioritise payment security and written freight terms; do not quote Turkey off the Kallanish line, and the next Pakistan print is 30 Oct.