Global steel markets witnessed mixed price movements during the third week of September 2025. Australian iron ore (62% CFR China) increased by USD 1 to reach USD 106 per ton, while cold-rolled flat steel coils (1 mm, FOB China) rose by USD 3, ranging between USD 550–560 per ton.
On the other hand, scrap (HS1&2 80:20) CFR Turkey declined by USD 3, recording USD 335 per ton. Russian billet FOB dropped by USD 2 to USD 433–440 per ton, while ex-CIS billet CFR Turkey fell by USD 5 to USD 450–460 per ton. Turkish rebar FOB prices also slipped by USD 3, reaching USD 530–545 per ton, and Turkish wire rod FOB declined by USD 3, standing at USD 540–550 per ton.
Meanwhile, CIS-origin rebar FOB remained stable at USD 510–520 per ton, unchanged from last week. Russian hot-rolled flat steel coils FOB also stayed steady at USD 480–485 per ton.
This mixed performance reflects ongoing volatility in global steel markets, where some products are weighed down by weak demand and fewer transactions, while others remain stable or achieve slight gains supported by regional markets.
The following is the steel prices statement in the global markets on 20 September 2025
