According to the prices announced in the global steel markets, scrap prices amounted to $363/ tonne, $7 down compared to last week’s prices, and iron ore prices $118/ tonne, $2 down compared to last week’s prices, while the prices of billets ranged between 475 – 505 Dollars per tonne, while it was between 485 – 510 dollars per tonne last week, and rebar prices ranged between 560 – 575 dollars/tonne, while it was between 570 – 585 dollars per tonne last week.
The following is the steel prices statement in the global markets on 14 October 2023
