Global iron and steel markets witnessed relative price stability in the third week of August 2025. Imported scrap to Turkey from the United States remained unchanged at $347 per ton CFR, while Australian iron ore (62%) also held steady at $102 per ton CFR.
In the billet segment, Russian billet prices stood stable at $445–435 per ton FOB. Meanwhile, Turkish and CIS billet recorded a slight increase of $5, reaching $465–460 per ton CFR. This marked the only upward movement among the different steel products.
Rebar prices remained unchanged, with Turkish rebar ranging between $550–540 per ton FOB, while CIS rebar was steady at $525–515 per ton FOB.
As for wire rods, Turkish market prices stabilized at $555–550 per ton FOB. Russian hot-rolled coil prices were steady at $470–460 per ton FOB, while cold-rolled coil prices in Russia also maintained previous levels at $560–550 per ton FOB.
Overall, the stability in steel prices reflects a balance in global supply and demand dynamics, with the slight increase in Turkish billet prices attributed to limited demand movements within regional markets.
