According to the prices announced in the global steel markets, scrap prices amounted to $337/ tonne, $1 down compared to last week’s prices. and iron ore prices $104 / tonne, $5 down compared  to last week’s prices.

While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between 445 – 475 dollars per tonne last week, and rebar prices ranged between  520 – 575 dollars/tonne, while it was between 530 – 580 dollars per tonne last week.

The following is the steel prices statement in the global markets on 07 December 2024