Global iron and steel markets witnessed mixed price movements during the second week of May, as prices of raw materials and semi-finished products increased, while finished products showed mixed performance, according to data obtained by the Arab Iron and Steel Union.
In the raw materials market, prices of imported HS1&2 scrap (80:20 mix) into Turkey (ex-USA, CFR) rose to $415 per ton, recording a weekly increase of $5. Iron ore prices (62% Fe, Australia CFR) also increased to $109 per ton, marking a weekly gain of $2.
At the semi-finished products level, billet prices recorded noticeable increases. Russian billet (FOB) ranged between $480 and $485 per ton, up $3 week-on-week. Chinese billet (FOB) rose to $485–488 per ton, posting a weekly increase of $10. Meanwhile, imported billet into Turkey from CIS countries (CFR) increased to a range of $500–535 per ton, up $3 compared to the previous week.
In the finished products segment, Turkish rebar prices (FOB) declined to a range of $590–610 per ton, recording a weekly decrease of $5. In contrast, rebar prices from CIS countries (FOB – CIS) remained stable at $535–545 per ton, with no significant change.
As for wire rod in Turkey (FOB), prices remained stable at $610–620 per ton, with no weekly change.
In the flat steel sector, Russian hot-rolled coil (FOB) prices held steady at $520–525 per ton. Meanwhile, Chinese cold-rolled coil (1 mm, FOB) increased to $570–580 per ton, marking a weekly rise of $10.
The following is the steel prices statement in the global markets on 09 May 2026
| Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
| Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 415 | 415 | 09/05/2026 |  |
5 |
| Iron ore Fe 62% | CFR Australia | 109 | 109 | 09/05/2026 | |
2 |
| Billet | FOB Russia | 480 | 485 | 09/05/2026 | |
3 |
| FOB China | 485 | 488 | 09/05/2026 | |
10 | |
| ex-CIS, CFR Turkey | 500 | 535 | 09/05/2026 | |
3 | |
| Rebar | FOB Turkey | 590 | 610 | 09/05/2026 |  |
-5 |
| FOB CIS | 535 | 545 | 09/05/2026 | – | 0 | |
| Wire Rod | FOB Turkey | 610 | 620 | 09/05/2026 | – | 0 |
| HR coil | FOB Russia | 520 | 525 | 09/05/2026 | – | 0 |
| CR coil, 1 mm | FOB China | 570 | 580 | 09/05/2026 | 10 | |
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