Ship recycling market steady, tight tonnage

Hellenic Shipping News, 29 Oct 2026: Ship Recycling Market: Steady as She Goes. This note maps that event onto industrial & structural steel products. Identify the route, vessel class, laycan and actual surcharge. Not a BGK offer.

What to check on the cargo

• Confirm route, vessel class, ports and laycan; a basket index is not a same-day voyage quote.
• For a diversion, recalculate steaming days, bunker, insurance and demurrage.

Headlines with dated events or figures

• Hellenic Shipping News, 29 Oct 2026: Ship Recycling Market: Steady as She Goes — Source

Market context — not the story

Screen	Last	Change	Source	As of
CME Midwest HRC	$1,396.00/st	+8.05%	CME via Yahoo Finance	29 Oct 2026
Vale (iron-ore equity) Listed proxy, not a spot ore print.	$11.18	-8.36%	NYSE via Yahoo Finance	29 Oct 2026
VanEck Steel ETF Basket of listed steel names.	$101.30	+1.34%	NYSE Arca via Yahoo Finance	29 Oct 2026

These are public exchange or listed-proxy screens, not BGK offer prices. Cite the source before using a number in a negotiation.

How to apply it to a cargo

• Midwest HRC last $1,396.00/st (+8.05% d/d). A $30/st move on a 10,000 st parcel is about $300,000 before freight.
• USD/VND 25,799 VND (-0.16%). A Vietnamese mill paying in dong sees the local bill move even if the dollar invoice is unchanged.
• Vale at $11.18 (-8.36%) is an equity proxy for iron ore, not a 62% Fe index print — use it for direction, not for a contract.

Map the screen to a real parcel through Industrial & Structural Steel Products and, where freight dominates the landed bill, vessel chartering or cargo logistics.