In the second week of September 2025, global iron and steel markets witnessed mixed price movements, with most products remaining stable while some recorded slight increases and others a limited decline.
The price of steel scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by USD 5 to settle at USD 338/ton CFR.
Meanwhile, iron ore (62% CFR Australia) edged up by USD 1 to USD 105/ton.
Prices of billets remained unchanged, with Russia FOB standing at USD 435–442/ton, while Turkey CFR from CIS recorded USD 455–465/ton.
As for rebar, prices in Turkey FOB held steady at USD 535–545/ton, while in CIS FOB markets they dropped by USD 5 to USD 510–520/ton.
Turkish wire rod FOB prices also remained stable at USD 545–550/ton.
In contrast, Russian hot-rolled coil FOB prices increased by USD 8 to USD 480–485/ton.
Meanwhile, Chinese cold-rolled coil FOB prices were unchanged at USD 545–560/ton.
These mixed trends highlight cautious market sentiment, as global price directions continue to be influenced by supply-demand dynamics and trade policies at the start of the year’s final quarter.
The following is the steel prices statement in the global markets on 13 September 2025
