Global steel and iron product prices showed relative stability during the week ending August 2, 2025, while some raw materials and semi-finished products experienced minor fluctuations. Steel scrap (HMS 1&2 mix 80:20) imported to Turkey from the USA remained unchanged at $346/ton CFR. On the other hand, iron ore (62%) from Australia continued its decline, falling by $2 to $101/ton CFR compared to the previous week. In contrast, Russian billet prices saw a notable increase, reaching $445–455/ton FOB, up by $8, while billet from the CIS region exported to Turkey dropped to $460–465/ton CFR, down by $3. Turkish rebar prices held steady at $540–550/ton FOB, while rebar from the CIS region was priced at $525–535/ton FOB. In the flat steel segment, hot rolled coil from Turkey remained unchanged at $550–555/ton FOB, and Russian hot rolled coil also stayed stable at $440–450/ton FOB. Cold rolled coil from Russia maintained its price at $570/ton FOB. This variation in prices reflects the ongoing caution in global markets, as players closely monitor changes in energy costs and end-user demand, especially amid global industrial slowdown and supply chain disruptions.
The following is the
statement in the global markets on 02 August 2025
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