Iron Prices in the First Week of September 2026

The prices of most iron and steel products and raw materials in global markets witnessed a remarkable increase during the first week of September 2026, according to data obtained by the Arab Iron and Steel Union.

HMS1&2 scrap (80:20 mix) in Turkey, CFR from the USA, was recorded at around $380 per ton, an increase of $5 per ton compared to the previous week.

The price of iron ore with 62% concentration, CFR Australia, also rose to $100 per ton, a weekly increase of $1 per ton.

In the billet market, the price of Russian billet FOB rose to a range of $460 to $470 per ton, an increase of $3 per ton, while the price of Chinese billet FOB rose to $465–$475 per ton, an increase of $8 per ton.

Turkish billet from CIS countries on a CFR basis recorded a larger increase, reaching $510–$520 per ton, an increase of $13 per ton compared to the previous week.

On the finished products level, the price of Turkish rebar FOB rose to $595–$610 per ton, an increase of $5 per ton, while the prices of Turkish wire rods FOB rose to $600–$625 per ton, a similar increase of $5 per ton.

Russian hot-rolled flat steel coils FOB remained stable at $500–$510 per ton with no weekly change.

In the Chinese market, the price of cold-rolled flat steel coils with a thickness of 1 mm FOB rose to $545–$555 per ton, an increase of $5 per ton.

The price movements during the week reflect the continuation of the upward trend in most raw material, long product, and flat product markets, with the largest weekly increase recorded in Turkish billet prices, while Russian hot-rolled flat steel coils maintained their stability.

The following is a statement of Iron Prices in global markets on September 05, 2026