According to the prices announced in the global steel markets, scrap prices amounted to $349/ tonne, $9 up compared to last week’s prices. and iron ore prices $105/ tonne, unchanged from last week's prices.
While the prices of billets ranged between 430 – 445 Dollars per tonne, while it was between 435 – 455 dollars per tonne last week, and rebar prices ranged between 510 – 565 dollars/tonne, while it was between 510 – 555 dollars per tonne last week.
The following is the steel prices statement in the global markets on 01 February 2025
