According to the prices announced in the global steel markets, scrap prices amounted to $378/ tonne, $3 down compared  to last week’s prices. and iron ore prices $121/ tonne, $3 up compared  to last week’s prices.

While the prices of billets ranged between 493– 525 Dollars per tonne, while it was between 495– 525 dollars per tonne last week, and rebar  prices ranged between 565 – 590 dollars/tonne, while it was between 5565 – 590  dollars per tonne last week.

The following is the steel prices statement in the global markets on 25 May 2024