Global steel product prices saw a general upward trend during the fourth week of July 2025, driven by improved demand and reduced supply in key markets.
Key Price Movements:
Iron scrap (80:20 mix) imported from the United States to Turkey registered a slight decrease of $1, settling at $346 per tonne CFR. Iron ore (62%) imported from Australia recorded a modest increase of $1, reaching $103 per tonne CFR. Billet prices saw strong gains: Russian billets increased by $8, reaching $440–$445 per tonne FOB. Turkish billets (ex-CIS, CFR) jumped by $15 to $460–$470 per tonne. Turkish rebar rose by $10, now trading at $540–$550 per tonne FOB, while no updated prices were recorded from the CIS region. Wire rod from Turkey rose by $5, reaching $550–$555 per tonne FOB. HRC from Russia increased by $5, now priced at $440–$450 per tonne FOB. CRC posted the largest weekly gain, climbing by $25 to $570 per tonne FOB.
The following is the
statement in the global markets on 26 July 2025
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