According to the prices announced in the global steel markets, scrap prices amounted to $374/ tonne, unchanged from last week’s prices, and iron ore prices $117/ tonne, $1 up compared to last week’s prices, while the prices of billets ranged between 465 – 505 Dollars per tonne, while it was between 460 – 500 dollars per tonne last week, and rebar prices ranged between 565 – 590 dollars/tonne, while it was between 565 – 590 dollars per tonne last week.
The following is the steel prices statement in the global markets on 02 September 2023