Global steel markets witnessed mixed price movements by the end of the first week of September 2025, with some products recording notable declines, while others remained stable.
Scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by $2, reaching $343/ton CFR.
Meanwhile, iron ore (62%) Australia – CFR rose by $1, standing at $104/ton.
For billets, prices remained stable at $435–442/ton FOB Russia, and $455–465/ton CFR Turkey, ex-CIS.
Rebar prices declined in Turkey by $5, reaching $535–545/ton FOB, while they remained stable in the CIS region at $515–525/ton FOB.
As for wire rod, it dropped by $5 to settle at $545–550/ton FOB Turkey.
On the other hand, flat steel products maintained stability. Hot-rolled coils were priced at $470–480/ton FOB Russia, while cold-rolled coils stood at $580/ton FOB Russia with no changes.
This divergence reflects the continued pressure on global steel prices, amid fluctuating global demand and shifts in raw material costs.
The following is the
statement in the global markets on 06 September 2025
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