According to the prices announced in the global steel markets, scrap prices amounted to $355 / tonne, $6 up compared to last week’s prices. and iron ore prices $106/ tonne, $6 up compared to last week’s prices.

While the prices of billets ranged between 430 – 445 Dollars per tonne, while it was between 430 – 445 dollars per tonne last week, and rebar prices ranged between  510 – 570 dollars/tonne, while it was between 510 – 565 dollars per tonne last week.

The following is the steel prices statement in the global markets on 08 February 2025