According to the prices announced in the global steel markets, scrap prices amounted to $419/ tonne, $3 down compared to last week’s prices, and iron ore prices $130/ tonne, $2 up compared to last week’s prices, while the prices of billets ranged between 515 – 600 Dollars per tonne, while it was between 515 – 605 dollars per tonne last week, and rebar prices ranged between 575– 615 dollars/tonne, while it was between 575– 615 dollars per tonne last week.
The following is the steel prices statement in the global markets on 10 February 2024