According to the prices announced in the global steel markets, scrap prices amounted to $360/ tonne, unchanged compared to last week’s prices. and iron ore prices $109/ tonne, $3 up compared to last week’s prices.

While the prices of billets ranged between 432 – 460 Dollars per tonne, while it was between 430 – 455 dollars per tonne last week, and rebar prices ranged between  510 – 565 dollars/tonne, while it was between 510 – 575 dollars per tonne last week.

The following is the steel prices statement in the global markets on 22 February 2025