According to the prices announced in the global steel markets, scrap prices amounted to $424/ tonne, $4 up compared to last week’s prices, and iron ore prices $132/ tonne, $9 down compared to last week’s prices, while the prices of billets ranged between 510 – 595 Dollars per tonne, while it was between 505 – 590 dollars per tonne last week, and rebar prices ranged between 595– 625 dollars/tonne, while it was between 580– 620 dollars per tonne last week.
The following is the steel prices statement in the global markets on 13 January 2024