Global steel product prices saw a general upward trend during the fourth week of July 2025, driven by improved demand and reduced supply in key markets.
Key Price Movements:
Iron scrap (80:20 mix) imported from the United States to Turkey registered a slight decrease of $1, settling at $346 per tonne CFR.
Iron ore (62%) imported from Australia recorded a modest increase of $1, reaching $103 per tonne CFR.
Billet prices saw strong gains: Russian billets increased by $8, reaching $440–$445 per tonne FOB.
Turkish billets (ex-CIS, CFR) jumped by $15 to $460–$470 per tonne.
Turkish rebar rose by $10, now trading at $540–$550 per tonne FOB, while no updated prices were recorded from the CIS region.
Wire rod from Turkey rose by $5, reaching $550–$555 per tonne FOB.
HRC from Russia increased by $5, now priced at $440–$450 per tonne FOB.
CRC posted the largest weekly gain, climbing by $25 to $570 per tonne FOB.
The following is the steel prices statement in the global markets on 26 July 2025
