Today’s snapshot — 2026-09-14
Top mover: HMS 1&2 (80:20) scrap, cfr Turkey extended a third straight daily gain to $393.50/t (+1.68%) as fresh cargo deals kept clearing above prior levels into the weekend close.
Notable prices:
- HMS 1&2 (80:20), cfr Turkey = $393.50 (+1.68%)
- Shredded scrap, cfr Turkey = $413.50 (+1.60%)
- Iron ore 61% Fe, cfr Qingdao = $96.51 (-1.70%)
- Zinc = $3865.55 (-0.25%)
Headline driver: Turkish import scrap kept climbing through Friday’s close, corroborated by the brief’s MESTEEL assessment of roughly $390/MT CFR for Turkiye HMS 80:20 after a $10/MT weekly rise — though Saudi Hadeed’s own domestic scrap-price cut is a counter-signal that regional demand isn’t uniformly firm.
Action signal: Wait — hold Pakistan’s physical anchor at $418/MT CFR Port Qasim (desk read; no Pakistan PDF print exists) and reconfirm freight before quoting, given Hormuz traffic below its recent average and Iran’s new 77-vessel compliance list raising carrier/insurer risk.