According to the prices announced in the global steel markets, scrap prices amounted to $272/ tonne, $13 down compared to last week’s prices. and iron ore prices $102/ tonne, $5 down compared  to last week’s prices.

While the prices of billets ranged between 475  – 510 Dollars per tonne, while it was between 480 – 510 dollars per tonne last week, and rebar prices ranged between 570 –620 dollars/tonne, while it was between 570 – 620 dollars per tonne last week.

The following is the steel prices statement in the global markets on 19 October 2024