Today’s snapshot — 2026-08-13
Top mover: E3 demolition scrap Austria ex-works −€15.00 (−5.04%) to €282.50 — the steepest leg of a broad EU domestic markdown that also cut German E3 −€12.50 (−4.35%) to €275.00 and German E40 shredded −€10.00 (−3.45%) to €280.00, with weak continental demand overwhelming the barge-logistics squeeze.
Notable prices:
- Turkey HMS 80:20 CFR = $373.25 (unchanged, second session)
- US-origin HMS 80:20 CFR Turkey index = $377.11 (0.00%) — every deep-sea leg froze
- New York HMS 80:20 export index = $332.50 (+$7.50, +2.31%), while Los Angeles held $323.00 (0.00%)
- Iron ore KORE 61% CFR Qingdao = $96.46 (+$0.58, +0.61%)
Headline driver: The desk brief leads on freight — impaired barge capacity on affected inland routes, unchanged carrier surcharges, and tanker traffic going dark on the Red Sea route, which makes vessel counts an incomplete risk gauge. ⚠️ Its “Turkey firm enough to support supplier resistance” read is unconfirmed: the tape shows a complete freeze, not firmness, with every Turkish leg at 0.00% for a second session.
Action signal: Press EU origin on the 3.5–5% domestic markdown and keep testing port-adjacent supply against inland. No action on Turkey above $377.11 without a fresh physical cargo.