According to the prices announced in the global steel markets, scrap prices amounted to $374/ tonne, $1 down compared to last week’s prices, and iron ore prices $116/ tonne, $7 up compared to last week’s prices, while the prices of billets ranged between 460 – 500 Dollars per tonne, while it was between 55 – 490 dollars per tonne last week, and rebar prices ranged between 565 – 590 dollars/tonne, while it was between 560 – 585 dollars per tonne last week.
The following is the steel prices statement in the global markets on 26 August 2023
