Global steel product prices have shown a general upward trend in the fourth week of July 2025, driven by improved demand and reduced supply across key markets. Iron scrap (80:20 mix) imported from the United States to Turkey saw a slight decrease of $1, settling at $346 per tonne CFR. Conversely, iron ore (62%) imported from Australia recorded a modest increase of $1, reaching $103 per tonne CFR. Billet prices experienced strong gains, with Russian billets increasing by $8 to $440–$445 per tonne FOB and Turkish billets (ex-CIS, CFR) jumping by $15 to $460–$470 per tonne. Turkish rebar also rose by $10, now trading at $540–$550 per tonne FOB, while wire rod from Turkey increased by $5 to $550–$555 per tonne FOB. Hot-rolled coil (HRC) from Russia saw a $5 increase, now priced at $440–$450 per tonne FOB. Cold-rolled coil (CRC) posted the largest weekly gain, climbing by $25 to $570 per tonne FOB.
