Global steel markets recorded mixed price movements during the fourth week of November 2025, with increases in some products, declines in others, and stability in several categories, according to data obtained by the Arab Iron and Steel Union.
Prices for imported 80:20 scrap to Turkey continued their upward trend, rising by one dollar to reach $357/ton CFR, while 62% iron ore saw a similar one-dollar increase, trading at $105/ton CFR Australia.
In the billet market, movements were mixed: Russian billet fell by one dollar to $428–435/ton FOB, while Chinese billet rose by one dollar to $430–432/ton FOB. Meanwhile, Turkish billet remained stable at $445–455/ton CFR with no weekly change.
Among long products, Turkish rebar recorded the largest weekly gain with an increase of $10, reaching $555–575/ton FOB. In contrast, CIS rebar declined by $3 to $490–505/ton FOB. At the same time, Turkish wire rod prices increased by $15, reaching $570–590/ton FOB.
For flat products, Russian hot-rolled coils dropped by $15 to $430–445/ton FOB, while Chinese cold-rolled coils (1 mm) remained stable throughout the week at $515–525/ton FOB.
The following is the steel prices statement in the global markets on 22 November 2025
Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 357 | 357 | 22/11/2025 | 1 | |
Iron ore Fe 62% | CFR Australia | 105 | 105 | 22/11/2025 | 1 | |
Billet | FOB Russia | 428 | 435 | 22/11/2025 | -1 | |
FOB China | 430 | 432 | 22/11/2025 | 1 | ||
ex-CIS, CFR Turkey | 445 | 455 | 22/11/2025 | 0 | ||
Rebar | FOB Turkey | 555 | 575 | 22/11/2025 | 10 | |
FOB CIS | 490 | 505 | 22/11/2025 | -3 | ||
Wire Rod | FOB Turkey | 570 | 590 | 22/11/2025 | 15 | |
HR coil | FOB Russia | 430 | 445 | 22/11/2025 | -15 | |
CR coil, 1 mm | FOB China | 515 | 525 | 22/11/2025 | 0 | |
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