Today’s snapshot — 2026-07-30
Top mover: N.Europe HRC import (MB-STE-0046) −€22.5/t (−3.72%) to €565–600 — European flat-steel imports slid on weak summer demand, widening the transatlantic split as US HRC firmed (data 29 Jul; Kallanish still on 28 Jul).
Notable prices:
- Turkey scrap frozen a 3rd session: FM US-origin (MB-STE-0417) $377.76 (0.00%); shredded (MB-STE-0095) $393.21 (0.00%); SO HMS $368–376 (0%)
- N.Europe HRC import = €565–600/t (−€22.5, −3.72%) — flats sliding
- US Midwest HRC = $59.04/cwt (+$0.25, +0.43%); Houston HRC import $1,040–1,080 (+$15, +1.44%) — US/EU divergence widening
- SO Turkey rebar FOB = $565–580/t (+0.44%); Pakistan shred proxy (MB-STE-0887) $413.48 (28 Jul, stale)
Headline driver: “Middle East crude steel slump tempers global recovery in June” (Worldsteel) — regional output fell sharply on conflict, keeping US–Iran / Houthi war-risk in frame for freight and flows.
Action signal (if any): No actionable scrap signal — Turkey frozen a 3rd session at $374/$377.76 (SO ranges flat); the week’s action is in flat steel (EU down, US up), off TDC’s book. Hold, no chase.