Today’s snapshot — 2026-08-01
Top mover: None — 1 Aug is Saturday and no publisher issued. The last observed move stands: iron ore KORE 61% −$3.82 (−3.86%) to $95.29 on a stimulus disappointment. All prices below are carried 30 Jul prints, not fresh.
Notable prices (all 30 Jul assessments, carried):
- FM US-origin HMS 80:20 cfr Turkey (MB-STE-0417) = $377.76 (0.00%) — fifth session unchanged
- FM shredded cfr Turkey (MB-STE-0095) = $393.21 (0.00%)
- FM HMS 80:20 fob Rotterdam (MB-STE-0420) = $335.23 (0.00%)
- US Midwest HRC (MB-STE-0184) = $58.46/cwt (−0.58, −0.98%)
Headline driver: Fresh Strait of Hormuz escalation — two vessels stopped and four turned back on 31 Jul, oil up over 1%, traffic thin — reviving the freight, insurance and routing risk. ⚠️ The desk brief also calls the Turkish forward curve firm; that is unconfirmed — it restates a late-July close, and the physical tape is frozen on every leg.
Action signal: No actionable ferrous signal — do not lift HMS on a curve alone. The live risk is cost-side: re-verify any freight quote issued before 31 Jul, and keep offer validity no longer than the freight validity behind it.