Markets / Europe · Middle East · Turkey Source 12 October 2026 · Published
Iron ore hits more than two-year low as logistics costs support scrap
Siderweb reported on October 12, 2026, that iron ore prices had fallen to their lowest level in more than two years, while higher logistics costs were supporting scrap prices in Turkey and Europe.
MetalMate Intelligence · Published 12 October 2026
According to Siderweb, iron ore reached its lowest price level in more than two years. The publication also said increased logistics costs were supporting scrap prices in Turkey and Europe.
MetalMate summary of the linked evidence
WHY IT MATTERS
Commercial context
The contrasting trends suggest weaker pricing pressure in iron ore while freight and handling costs provide support for scrap. This may lead to differing raw-material cost dynamics across steelmaking routes and regions.
MetalMate analysis
KEY DETAILS
The Siderweb page is dated October 12, 2026.
No benchmark, numerical price or percentage change was provided for iron ore.
No quantitative detail was provided on logistics costs or their effect on scrap prices.
WHAT TO WATCH
Watch for benchmark-specific iron ore prices and further details on logistics costs to assess the scale and durability of these trends in Turkey and Europe.
Source & methodology +
MetalMate separates original-source evidence from summary and analysis. Verify the original source before procurement, legal or engineering decisions.