According to the prices announced in the global steel markets, scrap prices amounted to $380/ tonne, $4 up compared to last week’s prices, and iron ore prices $101/ tonne, $17 down compared to lastt week’s prices.

While the prices of billets ranged between 505– 590 Dollars per tonne, while it was between 505– 570 dollars per tonne last week, and rebar  prices ranged between 550 – 595 dollars/tonne, while it was between 560 – 595  dollars per tonne last week.

The following is the steel prices statement in the global markets on 16 March 2024