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Shanghai Metals Market reports that ocean freight from Russia to Turkey has risen to 78-80 USD per tonne for 40,000-50,000 tonne vessels, and to 83-85 USD per tonne for 25,000 tonne vessels. Russian hot-rolled coil CFR prices into Turkey have climbed to 570-580 USD per tonne, while rail capacity to Baltic ports constrains seaborne shipments.
One major mill has suspended its December quotes, while another has largely sold out its November allocations.
Higher freight and rail constraints on Russian export routes raise delivered costs and tighten seaborne capacity out of Baltic ports, which can lift freight rates for bulk shipments more broadly. The effect on feed ingredient prices is indirect because the story concerns steel.
news.metal.comSMMNov 5, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
