Global steel markets showed limited price fluctuations during the fourth week of October 2025, according to data obtained by the Arab Iron and Steel Union.
Prices of HS1&2 scrap (80:20 mix) imported by Turkey from the United States remained stable at $352 per ton CFR, marking a slight decrease of $1 compared with the previous week.
Meanwhile, iron ore (62% Fe) from Australia to China, CFR held steady at $103 per ton, showing no week-on-week change.
In the billet market, prices recorded an increase, with Russian exports FOB ranging between $435–440 per ton, up $3, while Turkish imports from CIS countries (CFR) rose to $455–460 per ton, up $8 week-on-week.
As for rebar, prices remained unchanged at $545–555 per ton FOB Turkey and $490–510 per ton FOB CIS compared with the previous week.
Regarding wire rod, prices were stable at $555–565 per ton FOB Turkey.
However, hot-rolled coil (HRC) prices from Russia FOB declined to $455–460 per ton, down $8, while cold-rolled coil (CRC, 1 mm) from China FOB fell to $525–535 per ton, decreasing by $10 from the previous week.
The following is the steel prices statement in the global markets on 25 October 2025
Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 352 | 352 | 25/10/2025 | -1 | |
Iron ore Fe 62% | CFR Australia | 103 | 103 | 25/10/2025 | 0 | |
Billet | FOB Russia | 435 | 440 | 25/10/2025 | 3 | |
ex-CIS, CFR Turkey | 455 | 460 | 25/10/2025 | 8 | ||
Rebar | FOB Turkey | 545 | 555 | 25/10/2025 | 0 | |
FOB CIS | 490 | 510 | 25/10/2025 | 0 | ||
Wire Rod | FOB Turkey | 555 | 565 | 25/10/2025 | 0 | |
HR coil | FOB Russia | 455 | 460 | 25/10/2025 | -8 | |
CR coil, 1 mm | FOB China | 525 | 535 | 25/10/2025 | -10 | |
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