The global markets for raw materials and steel products witnessed notable price fluctuations in the second week of August 2025, driven by mixed supply and demand indicators and the impact of regional economic and trade factors. Scrap (mix 80:20) prices remained stable at $347 per ton CFR Turkey, ex-USA, recording a slight increase of $1 compared to the previous week. Meanwhile, iron ore (62%) CFR Australia continued its slight upward trend, reaching $102 per ton. In contrast, billet prices in the Russian FOB market dropped by $10 to $435–$445 per ton, while in Turkey ex-CIS, CFR they fell by $5 to $455–$460 per ton. Rebar prices remained stable in Turkey FOB at $540–$550 per ton, whereas CIS FOB markets saw a decline of $10, registering $515–$525 per ton. Wire rod prices in Turkey FOB stayed steady at $550–$555 per ton, while hot-rolled coil FOB Russia recorded the sharpest increase of the week, jumping by $20 to $460–$470 per ton. Conversely, cold-rolled coil FOB Russia fell by $10 to $550–$560 per ton. This fluctuation highlights that global steel markets continue to move under the direct influence of supply and demand volatility, amid ongoing economic challenges and trade competition among major producers and exporters.
The following is the
statement in the global markets on 09 August 2025
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