According to the prices announced in the global steel markets, scrap prices amounted to $370/ tonne, $8 down compared to last week’s prices. and iron ore prices $93/ tonne, $9 down compared  to last week’s prices.

While the prices of billets ranged between 465 – 490 Dollars per tonne, while it was between 475 – 500 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 17 August 2024