According to the prices announced in the global steel markets, scrap prices amounted to $364/ tonne, $4 up compared to last week’s prices. and iron ore prices $101/ tonne, $4 up compared  to last week’s prices.

While the prices of billets ranged between 470 – 490 Dollars per tonne, while it was between 465 – 490 dollars per tonne last week, and rebar prices ranged between 570 – 580 dollars/tonne, while it was between 570 – 580  dollars per tonne last week.

The following is the steel prices statement in the global markets on 31 August 2024