Global iron and steel markets witnessed a state of relative price stability during the fourth week of December 2025, with limited movements recorded for some products, according to data obtained by the Arab Iron and Steel Union.
In the scrap market, prices of HS1&2 scrap (80:20 mix) imported from the United States to Turkey remained stable at USD 370 per ton CFR, marking a slight week-on-week increase of USD 1 per ton.
As for iron ore (62%) imported from Australia, prices maintained their stability at USD 106 per ton CFR, unchanged from the previous week, amid a balance between supply and demand in Asian markets.
Regarding billets, prices were largely stable across most regions. Russian billet prices ranged between USD 430–440 per ton FOB, with no weekly change. Meanwhile, Chinese billet prices recorded a modest increase of USD 3 per ton, reaching USD 435–440 per ton FOB. Similarly, billet prices imported into Turkey from CIS countries rose by the same amount to USD 455–465 per ton CFR.
For finished steel products, rebar prices remained stable in key markets, standing at USD 555–570 per ton FOB in Turkey and USD 495–510 per ton FOB in CIS countries, with no week-on-week change.
In addition, wire rod prices in Turkey were steady at USD 565–580 per ton FOB, while hot-rolled flat steel coil prices from Russia remained unchanged at USD 425–435 per ton FOB.
In the Asian market, prices of cold-rolled flat steel coil (1 mm thickness) in China also remained stable at USD 520–535 per ton FOB, amid relatively weak global demand.
The following is the steel prices statement in the global markets on 27 December 2025
Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 370 | 370 | 27/12/2025 | 1 | |
Iron ore Fe 62% | CFR Australia | 106 | 106 | 27/12/2025 | 0 | |
Billet | FOB Russia | 430 | 440 | 27/12/2025 | 0 | |
FOB China | 435 | 440 | 27/12/2025 | 3 | ||
ex-CIS, CFR Turkey | 455 | 465 | 27/12/2025 | 3 | ||
Rebar | FOB Turkey | 555 | 570 | 27/12/2025 | 0 | |
FOB CIS | 495 | 510 | 27/12/2025 | 0 | ||
Wire Rod | FOB Turkey | 565 | 580 | 27/12/2025 | 0 | |
HR coil | FOB Russia | 425 | 435 | 27/12/2025 | 0 | |
CR coil, 1 mm | FOB China | 520 | 535 | 27/12/2025 | 0 | |
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