According to the prices announced in the global steel markets, scrap prices amounted to $422/ tonne, $3 up compared to last week’s prices, and iron ore prices $128/ tonne, $5 down compared to last week’s prices, while the prices of billets ranged between 515 – 605 Dollars per tonne, while it was between 510 – 605 dollars per tonne last week, and rebar prices ranged between 575– 615 dollars/tonne, while it was between 595– 625 dollars per tonne last week.
The following is the steel prices statement in the global markets on 03 February 2024