Global steel product prices showed slight fluctuations during the third week of October 2025, with some products recording limited increases, while others remained stable at previous levels.
According to data obtained by the Arab Iron and Steel Union (AISU), the price of steel scrap (mix 80:20) imported by Turkey from the United States rose to $353 per ton CFR, an increase of $3 compared to the previous week.
In contrast, the price of iron ore (62%) fell to $103 per ton CFR Australia, down by $3 week-on-week.
Meanwhile, billet prices continued their upward trend, with Russian exports reaching $430–440 per ton FOB, up by $4, while prices in Turkey and CIS countries increased to $445–455 per ton CFR, a rise of $3.
On the other hand, finished steel product prices remained unchanged; Turkish rebar stood at $545–555 per ton FOB, and wire rod prices in Turkey were stable at $555–565 per ton FOB.
Similarly, hot-rolled coil prices from Russia remained at $460–470 per ton FOB, while cold-rolled coil (1 mm) from China stood at $535–545 per ton FOB.
The following is the steel prices statement in the global markets on 27 September 2025
Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 353 | 353 | 18/10/2025 | 3 | |
Iron ore Fe 62% | CFR Australia | 103 | 103 | 18/10/2025 | -3 | |
Billet | FOB Russia | 430 | 440 | 18/10/2025 | 4 | |
ex-CIS, CFR Turkey | 445 | 455 | 18/10/2025 | 3 | ||
Rebar | FOB Turkey | 545 | 555 | 18/10/2025 | 0 | |
FOB CIS | 490 | 510 | 18/10/2025 | 0 | ||
Wire Rod | FOB Turkey | 555 | 565 | 18/10/2025 | 0 | |
HR coil | FOB Russia | 460 | 470 | 18/10/2025 | 0 | |
CR coil, 1 mm | FOB China | 535 | 545 | 18/10/2025 | 0 | |
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