The global markets for steel products and raw materials experienced notable price fluctuations during the second week of August. While prices for scrap remained stable at around $347 per ton, hot-rolled coil (HRC) in Russia saw a significant increase of $20 to $460-$470 per ton. Conversely, billet prices dropped by $10 in the Russian FOB market and $5 in the Turkey ex-CIS market. Rebar prices remained stable in Turkey but declined in CIS FOB markets. These movements underscore the volatility of the global steel market, which continues to be influenced by mixed supply and demand indicators and ongoing trade competition among major producers.