According to the prices announced in the global steel markets, scrap prices amounted to $375/ tonne, $14 up compared to last week’s prices, and iron ore prices $109/ tonne, $3 up compared to last week’s prices, while the prices of billets ranged between 455 – 490 Dollars per tonne, while it was between 445 – 480 dollars per tonne last week, and rebar prices ranged between 560 – 585 dollars/tonne, while it was between 550 -570 dollars per tonne last week.
The following is the steel prices statement in the global markets on 19 August 2023
