According to the prices announced in the global steel markets, scrap prices amounted to $387/ tonne, $2 down compared to last week’s prices. and iron ore prices $104/ tonne, $2 up compared  to last week’s prices.

While the prices of billets ranged between 480 – 510 Dollars per tonne, while it was between 485 – 515 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 03 August 2024