According to the prices announced in the global steel markets, scrap prices amounted to $356/ tonne, $8 down compared to last week’s prices. and iron ore prices $96/ tonne, $6 down compared  to last week’s prices.

While the prices of billets ranged between 460  – 490 Dollars per tonne, while it was between 460  – 493 dollars per tonne last week, and rebar prices ranged between 530 –590 dollars/tonne, while it was between 530 –600 dollars per tonne last week.

The following is the steel prices statement in the global markets on 16 November 2024