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Steel prices in the second week of May 2024

According to the prices announced in the global steel markets, scrap prices amounted to $382/ tonne, $3 down compared  to last week’s prices. and iron ore prices $117/ tonne, unchanged from last week’s prices.

While the prices of billets ranged between 505– 530 Dollars per tonne, while it was between 505– 530 dollars per tonne last week, and rebar  prices ranged between 575 – 590 dollars/tonne, while it was between 575 – 590  dollars per tonne last week.

The following is the steel prices statement in the global markets on 11 May 2024

 

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