According to the prices announced in the global steel markets, scrap prices amounted to $390/ tonne, unchanged from last week’s prices. and iron ore prices $104/ tonne, $4 down compared  to last week’s prices.

While the prices of billets ranged between 495 – 520 Dollars per tonne, while it was between 500 – 520 dollars per tonne last week, and rebar  prices ranged between 575 – 600 dollars/tonne, while it was between 580 – 600  dollars per tonne last week.

The following is the steel prices statement in the global markets on 20 July 2024