According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, $21 down compared to last week’s prices, and iron ore prices $115/ tonne, $6 down compared to lastt week’s prices.

While the prices of billets ranged between 505– 585 Dollars per tonne, while it was between 515– 600 dollars per tonne last week, and rebar  prices ranged between 570 – 605 dollars/tonne, while it was between 570 – 620  dollars per tonne last week.

The following is the steel prices statement in the global markets on 02 March 2024