According to the prices announced in the global steel markets, scrap prices amounted to $355/ tonne, $8 down compared to last week’s prices, and iron ore prices $116/ tonne, $2 down compared to last week’s prices, while the prices of billets ranged between 465 – 525 Dollars per tonne, while it was between 475 – 505 dollars per tonne last week, and rebar prices ranged between 550 – 575 dollars/tonne, while it was between 560 – 575 dollars per tonne last week.
The following is the steel prices statement in the global markets on 21 October 2023
