Global iron and steel markets witnessed relative stability during the first week of November 2025, with limited price movements compared to the previous week, according to data obtained by the Arab Iron and Steel Union.
Prices of scrap HS1&2 (80:20 mix) imported by Turkey from the United States on a CFR basis stood at $351 per ton, marking a slight decrease of $1 from the previous week, reflecting steady demand for scrap in the Turkish market.
Meanwhile, iron ore (62% Fe) prices in Australia rose to $106 per ton CFR, up $3 week-on-week. Billet prices varied across markets, ranging between $437 and $443 per ton FOB Russia, while remaining stable in Turkey at $455–460 per ton CFR compared to the previous week.
As for rebar, prices in Turkey increased to $555 per ton FOB, recording a $5 weekly rise, while prices in CIS markets remained unchanged at $490–510 per ton FOB.
Steel coils showed overall price stability. Wire rod prices stood at $555–565 per ton FOB Turkey, and hot-rolled flat steel at $455–460 per ton FOB Russia, whereas cold-rolled flat steel (1 mm) in China saw a slight decline of $3, reaching $520–535 per ton FOB.
Overall, the global iron and steel market during the first week of November 2025 reflected a relatively stable trend, with minor increases in rebar, iron ore, and billet prices, contrasted by slight declines in cold-rolled steel and scrap.
The following is the steel prices statement in the global markets on 01 November 2025
| Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
| Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 351 | 351 | 01/11/2025 |  |
-1 |
| Iron ore Fe 62% | CFR Australia | 106 | 106 | 01/11/2025 |  |
3 |
| Billet | FOB Russia | 437 | 443 | 01/11/2025 | |
3 |
| ex-CIS, CFR Turkey | 455 | 460 | 01/11/2025 |  |
0 | |
| Rebar | FOB Turkey | 555 | 555 | 01/11/2025 | |
5 |
| FOB CIS | 490 | 510 | 01/11/2025 | |
0 | |
| Wire Rod | FOB Turkey | 555 | 565 | 01/11/2025 | |
0 |
| HR coil | FOB Russia | 455 | 460 | 01/11/2025 | |
0 |
| CR coil, 1 mm | FOB China | 520 | 535 | 01/11/2025 | |
-3 |
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