According to the prices announced in the global steel markets, scrap prices amounted to $352/ tonne, $3 less compared to last week’s prices, and iron ore prices $110/ tonne, $6 less compared to last week’s prices, while the prices of billets ranged between 440 – 480 Dollars per tonne, while it was between 440 -490 dollars per tonne last week, and reinforcing steel prices ranged between 560-570 dollars/tonne, while it was between 570 -580 dollars per tonne last week.
The following is the steel prices statement in the global markets on 29 July 2023