Global iron and steel markets witnessed a state of relative price stability during the second week of January 2026, with limited price movements recorded for some products, according to data obtained by the Arab Iron and Steel Union.
Prices of HS1&2 steel scrap (80:20 mix) imported into Turkey from the United States stood at USD 371 per ton CFR, remaining unchanged in terms of price range, while posting a slight week-on-week increase amid balanced supply and demand conditions in the Turkish market.
As for 62% iron ore from Australia on a CFR basis, prices reached USD 109 per ton, marking a modest weekly increase, supported by improved demand in the Asian market and stable production rates among major producers.
Regarding billet prices, the Russian market recorded levels ranging between USD 430 and USD 440 per ton FOB, showing weekly stability. Meanwhile, Chinese billet prices rose to USD 445–446 per ton FOB, achieving a notable increase compared to the previous week. In the Turkish market, prices of billets imported from the Commonwealth of Independent States (CIS) remained stable at USD 455–465 per ton CFR, with no significant weekly change.
In the rebar segment, prices in Turkey declined to a range of USD 555–560 per ton FOB, posting a weekly decrease amid weak export demand. In contrast, rebar prices from CIS countries remained stable within the range of USD 495–510 per ton FOB.
Wire rod prices in the Turkish market also saw a slight decline, ranging between USD 560 and USD 580 per ton FOB, affected by seasonal demand slowdown. Meanwhile, hot-rolled flat steel coil prices in Russia remained stable at USD 425–435 per ton FOB, with no weekly change.
In the cold-rolled flat steel segment, 1 mm cold-rolled steel coils from China recorded a notable increase, with prices ranging between USD 530 and USD 540 per ton FOB, supported by improved domestic demand and higher production costs.
Overall, iron and steel prices during the second week of January 2026 reflected a state of cautious balance in global markets, with most products remaining stable, limited increases observed in raw materials and Asian products, and slight downward pressure on long steel products, particularly in the Turkish market.
The following is the steel prices statement in the global markets on 10 January 2026
| Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
| Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 371 | 371 | 10/01/2026 |  |
1 |
| Iron ore Fe 62% | CFR Australia | 109 | 109 | 10/01/2026 | |
3 |
| Billet | FOB Russia | 430 | 440 | 10/01/2026 |  |
0 |
| FOB China | 445 | 446 | 10/01/2026 | |
8 | |
| ex-CIS, CFR Turkey | 455 | 465 | 10/01/2026 | |
0 | |
| Rebar | FOB Turkey | 555 | 560 | 10/01/2026 |  |
-5 |
| FOB CIS | 495 | 510 | 10/01/2026 | |
0 | |
| Wire Rod | FOB Turkey | 560 | 580 | 10/01/2026 | |
-3 |
| HR coil | FOB Russia | 425 | 435 | 10/01/2026 | |
0 |
| CR coil, 1 mm | FOB China | 530 | 540 | 10/01/2026 | |
8 |
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