Iron and steel product prices in global markets recorded limited movements this week compared with the previous week, with a number of products remaining stable, while some products registered slight increases and decreases, according to data obtained by the Arab Iron and Steel Union.
HS1&2 steel scrap (Mix 80:20) in Turkey – CFR from the USA was priced at $376 per ton, up $1 week-on-week. Meanwhile, the price of 62% iron ore from Australia remained at $97 per ton CFR, also increasing by $1 compared with the previous week.
In the billet market, prices in Russia ranged between $465–470 per ton FOB, down by around $5 week-on-week, while the price in China reached $455 per ton FOB, up by around $3. Turkish billet imported from CIS countries was priced at $500–505 per ton CFR, unchanged week-on-week.
Turkish rebar was priced at $575–585 per ton FOB, unchanged from the previous week, while rebar from CIS countries was priced at $550–560 per ton FOB.
Wire rod prices in Turkey stood at around $580–585 per ton FOB, remaining stable on a weekly basis.
For flat steel products, Russian hot-rolled coils increased to $515–525 per ton FOB, up by $5 week-on-week, while Chinese 1 mm cold-rolled coil prices remained stable at $530–550 per ton FOB.
The following is the steel prices statement in the global markets on 15 August 2026
| Product | Place | Min$ | Max$ | Date | w-o-w | w-o-w |
| Scrap HMS 1&2 (80:20) | ex-USA, CFR Turkey | 376 | 376 | 15/08/2026 |  |
1 |
| Iron ore Fe 62% | CFR Australia | 97 | 97 | 15/08/2026 | |
1 |
| Billet | FOB Russia | 465 | 470 | 15/08/2026 |  |
0 |
| FOB China | 455 | 455 | 15/08/2026 | |
3 | |
| ex-CIS, CFR Turkey | 500 | 505 | 15/08/2026 | – | 0 | |
| Rebar | FOB Turkey | 575 | 585 | 15/08/2026 | – | 0 |
| FOB CIS | 550 | 560 | 04/07/2026 | – | 0 | |
| Wire Rod | FOB Turkey | 580 | 585 | 15/08/2026 | – | 0 |
| HR coil | FOB Russia | 510 | 520 | 15/08/2026 | |
5 |
| CR coil, 1 mm | FOB China | 530 | 550 | 15/08/2026 | – | 0 |
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