Global steel markets witnessed relative stability in most product prices on August 23, 2025, with only slight movements in some categories.
Prices of scrap (HS1&2 mix 80:20) imported from the United States to Turkey increased by $1, reaching $348 per ton CFR. In contrast, iron ore (62%) imported from Australia declined by $1, settling at $101 per ton CFR.
Meanwhile, billet prices from Russia and Turkey remained unchanged, ranging between $435–520 per ton FOB. Rebar prices also held steady at $540–550 per ton FOB, along with Turkish wire rod prices, which stabilized at $550–555 per ton FOB.
As for flat products, hot-rolled coil (HRC) from Russia recorded a notable increase of $15, reaching $475–485 per ton FOB. On the other hand, cold-rolled coil (CRC) prices remained stable at $550–560 per ton FOB.
The following is the
statement in the global markets on 23 August 2025
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