TDC Ventures
TDC Scrap Weekly
Week of 31 October 2026
One-page weekly
26 of 37 = 70.3% in range — every call scored, misses included | Last: Turkey shredded → forecast $403–418 (c: $410), actual $419.00 (30 Oct) — MISS | Next: Pakistan shred 211 CFR Qasim (6 Nov 2026 · range $409–422) · Turkey shredded scrap CFR (6 Nov 2026 · range $407–425)
This week’s story
Turkey's scrap price rose about $4 to $5 per tonne this week, but only one source shows the full rise. Do not chase higher offers; wait for Monday's Pakistan price.
The tape
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%
Why prices moved
Turkey fell on Monday after two Baltic cargoes sold near $383.50. It rebounded on Tuesday after a US cargo sold at $401 for a slightly different grade. Three publishers put the standard grade near $398.50. US export prices fell while Turkey rose. Oil stayed high, with Brent near $117.64 after a reported tanker attack near Hormuz on October 30th, yet no scrap price reacted. Pakistan's central bank is reported to have raised its interest rate to 12 percent, making import credit costlier. The EU's waste-export list is still a draft, and Pakistan is not on it for metal waste.
What to watch
01Does Pakistan's October 30th reading rise above $415?
02Does Fastmarkets confirm Kallanish's higher shredded price, or does the $4.92 gap close?
03Do US East Coast export prices turn up, as November outlooks suggest?
04Pakistan shred 211 CFR Qasim — our open call resolves 6 Nov 2026 · range $409–422 (central $416).
05Turkey shredded scrap CFR — our open call resolves 6 Nov 2026 · range $407–425 (central $417).