According to the prices announced in the global steel markets, scrap prices amounted to $372/ tonne, $8 up compared to last week’s prices. and iron ore prices $100/ tonne, $3 down compared to last week’s prices.

While the prices of billets ranged between 435 – 465 Dollars per tonne, while it was between 435 – 465 dollars per tonne last week, and rebar prices ranged between  520 – 575 dollars/tonne, while it was between 520 – 575  dollars per tonne last week.

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