Global iron and steel markets witnessed relative price stability in the third week of August 2025. Imported scrap to Turkey from the United States remained unchanged at $347 per ton CFR, while Australian iron ore (62%) also held steady at $102 per ton CFR. In the billet segment, Russian billet prices stood stable at $445–435 per ton FOB. Meanwhile, Turkish and CIS billet recorded a slight increase of $5, reaching $465–460 per ton CFR. This marked the only upward movement among the different steel products. Rebar prices remained unchanged, with Turkish rebar ranging between $550–540 per ton FOB, while CIS rebar was steady at $525–515 per ton FOB. As for wire rods, Turkish market prices stabilized at $555–550 per ton FOB. Russian hot-rolled coil prices were steady at $470–460 per ton FOB, while cold-rolled coil prices in Russia also maintained previous levels at $560–550 per ton FOB. Overall, the stability in steel prices reflects a balance in global supply and demand dynamics, with the slight increase in Turkish billet prices attributed to limited demand movements within regional markets.
The following is the
statement in the global markets on 16 August 2025
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