Today’s snapshot — 2026-11-03
Top mover: Kallanish Rotterdam HMS 80:20 FOB rose $9.50 (+2.82%) to $346.0 on 2 Nov data, with US East Coast HMS (+$6.50) and Rotterdam E40 shredded (+$9.50) up alongside; Fastmarkets’ Rotterdam HMS (MB-STE-0420) rose only $1.05, so the size of the move is Kallanish-only.
Notable prices:
- Turkey Shredded CFR (Kallanish) = $420.5 (+$1.50, +0.36%)
- Turkey Shredded CFR (Fastmarkets MB-STE-0095) = $418.24 (+$1.05, +0.25%)
- Published CFR Port Qasim shredded (Fastmarkets MB-STE-0887) = $414.79 (−$0.56, −0.13%, 30 Oct print)
- US East Coast HMS 80:20 FOB (Kallanish) = $353.0 (+$6.50, +1.88%)
Headline driver: The sanitized brief points to Pakistan’s cut in diesel and petrol prices from 3 Nov, which lowers inland haulage costs, and verifies no Pakistan scrap price. The tape shows export yards in Europe and the US lifting faster than Turkey CFR (about +$1), and the Kallanish-over-Fastmarkets Turkey shredded gap is $2.26, down from $4.92.
Action signal (if any): No actionable price signal today. Pakistan’s 30 Oct print ($414.79) is the reference until the 6 Nov print; the brief’s desk read is to refresh inland haulage quotes against the lower diesel rate.