According to the prices announced in the global steel markets, scrap prices reached 385 dollars/tonne, unchanged from last week’s, and iron ore prices were 107 dollars/tonne, an increase of 5 dollars over the previous weeks. Billets prices ranged between 515 – 555 dollars per tonne, which were between 520 – 565 dollars per tonne last week, and rebar prices were between 605 – 640 dollars/tonne, while they were between 620 – 640 dollars per tonne.
The following is a statement of steel prices in the global markets on 03 June 2023:
