Global steel markets witnessed mixed trends in prices during the final week of August 2025, with some products recording notable increases while others remained stable or declined slightly. Scrap (HS1&2 mix 80:20) imported to Turkey from the USA fell to $345/ton CFR, down $3 compared to the previous week. In contrast, iron ore (62% Fe) from Australia rose to $103/ton CFR, up by $2. Billet prices remained stable in the Russian market at $435–442/ton FOB, while Turkish-CIS markets saw a decline to $455–465/ton CFR, down $3. Rebar prices held steady both in Turkey at $540–550/ton FOB and in CIS markets at $515–525/ton FOB. Turkish wire rod prices also remained unchanged at $550–555/ton FOB. Meanwhile, Russian hot-rolled coil (HRC) prices dropped by $5, ranging between $470–480/ton FOB, whereas cold-rolled coil (CRC) prices increased sharply by $10 to reach $580/ton FOB. Overall, the price movements reflected a mix of stability and slight declines, with limited increases in specific products, highlighting a cautious balance in the global steel market by the end of August 2025.
The following is the
statement in the global markets on 30 August 2025
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