According to the prices announced in the global steel markets, scrap prices amounted to $417/ tonne, $2 down compared to last week’s prices, and iron ore prices $130/ tonne, unchanged from last week’s prices.

While the prices of billets ranged between 510 – 600 Dollars per tonne, while it was between 515 – 600 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 17 February 2024