Global steel prices remained relatively stable this week, with only minor fluctuations observed across some products.
Scrap: Prices of HS1&2 scrap (Mix 80:20) in Turkey stood at $340/ton CFR, recording a slight weekly increase of $5, reflecting continued demand for imported scrap from the USA.
Iron ore: Prices of 62% iron ore in Australia decreased to $104/ton CFR, down by $2 week-on-week, driven by a modest decline in demand from Chinese steel mills.
Billet: Billet prices remained stable, with Russian FOB levels at $433–440/ton, while Turkey (CFR ex-CIS) recorded $450–460/ton, showing no change compared to the previous week and indicating a steady market trend.
Rebar: Rebar prices also remained unchanged, with Turkish FOB at $530–545/ton and CIS FOB at $510–520/ton, supported by consistent domestic and regional demand.
Wire rod and flat steel: Wire rod prices in Turkey FOB stayed steady at $540–550/ton. Hot-rolled coil (HRC) prices from Russia FOB slipped to $470–480/ton, down $8 week-on-week, while cold-rolled coil (CRC, 1mm) from China FOB dropped more significantly to $535–545/ton, down $15 compared to last week.
Overall, most global steel product prices held steady this week, with limited declines in flat steel products, reflecting a balanced state between supply and demand in international markets.
The following is the
statement in the global markets on 27 September 2025
Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 340 | 340 | 27/09/2025 | 5 | |
Iron ore Fe 62% | CFR Australia | 104 | 104 | 27/09/2025 | -2 | |
Billet | FOB Russia | 433 | 440 | 27/09/2025 | 0 | |
ex-CIS, CFR Turkey | 450 | 460 | 27/09/2025 | 0 | ||
Rebar | FOB Turkey | 530 | 545 | 27/09/2025 | 0 | |
FOB CIS | 510 | 520 | 27/09/2025 | 0 | ||
Wire Rod | FOB Turkey | 540 | 550 | 27/09/2025 | 0 | |
HR coil | FOB Russia | 470 | 480 | 27/09/2025 | -8 | |
CR coil, 1 mm | FOB China | 535 | 545 | 27/09/2025 | -15 | |
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