Today’s snapshot — 2026-07-27
Top mover: Black Sea billet export FOB (MB-STE-0558) +$6/t (+1.29%) to $470 — CIS semis firm on the war-risk/freight complex (Turkey billet also +$5). Data 24 Jul; Monday issues carry Friday prints (weekend gap).
Notable prices:
- Turkey HMS 80:20 CFR = $373.0/t (flat); shredded $393.0/t (flat) — the war-driven pop has flat-lined
- FM US-origin HMS (MB-STE-0417) = $374.22/t (−$0.43, −0.11%)
- Rotterdam shredded export FOB ≈ $355/t (+$14, +4.11% — weekly print catching up to the firmer market)
- Iron ore KORE 61% = $97.63/t (+$0.09); US Midwest HRC $58.83/cwt (+0.89%)
Headline driver: “Imported scrap loses appeal for Indian buyers” — weak demand, monsoon-slowed construction and tight liquidity push Indian mills to domestic feed (W.Africa HMS $330–335, EU shred $380–390 cfr Nhava Sheva).
Action signal (if any): No actionable signal — Turkey scrap flat at $373/$393 after the war pop stalled; Asian import demand soft. Hold, no chase.
SteelOrbis has no 27 Jul issue (latest 23 Jul); snapshot built from the three 27 Jul extracts.