Global steel markets showed mixed price movements during the second week of November 2025, with some products recording increases while others declined.
Turkish scrap (mix 80:20) rose by $4 for the second consecutive week to $355 per ton CFR, supported by stronger demand from Turkish mills.
In contrast, iron ore (62%) imported from Australia fell by $4, reaching $102 per ton CFR.
Billet prices remained stable at $437–443 per ton FOB Russia and $455–460 per ton CFR Turkey / ex-CIS, showing no change from the previous week.
Among finished steel products, Turkish rebar FOB increased by $5 to $545–555 per ton, while CIS rebar prices remained unchanged at $490–510 per ton.
Turkish wire rod FOB prices edged up by $3, ranging between $555 and $570 per ton, whereas Russian hot-rolled coil (HRC) FOB prices dropped by $5 to $450–455 per ton.
Meanwhile, Chinese cold-rolled coil (CRC) FOB saw the sharpest decline, down $8 to $515–525 per ton.
The following is the steel prices statement in the global markets on 08 November 2025
Place | Min$ | Max$ | Date | w-o-w | w-o-w | |
Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 355 | 355 | 08/11/2025 | 4 | |
Iron ore Fe 62% | CFR Australia | 102 | 102 | 08/11/2025 | -4 | |
Billet | FOB Russia | 437 | 443 | 08/11/2025 | 0 | |
ex-CIS, CFR Turkey | 455 | 460 | 08/11/2025 | 0 | ||
Rebar | FOB Turkey | 545 | 555 | 08/11/2025 | 5 | |
FOB CIS | 490 | 510 | 08/11/2025 | 0 | ||
Wire Rod | FOB Turkey | 555 | 570 | 08/11/2025 | 3 | |
HR coil | FOB Russia | 450 | 455 | 08/11/2025 | -5 | |
CR coil, 1 mm | FOB China | 515 | 525 | 08/11/2025 | -8 | |
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