According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne,$2 up compared to to last week's prices. and iron ore prices $101/ tonne, $3 up compared to to last week's prices.
While the prices of billets ranged between 430 – 450 Dollars per tonne, while it was between 430 – 455 dollars per tonne last week, and rebar prices ranged between 505– 540 dollars/tonne, while it was between 505 – 545 dollars per tonne last week.
The following is the steel prices statement in the global markets on 12 July 2025
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