According to the prices announced in the global steel markets, scrap prices amounted to 385 dollars/tonne, an increase of 8 dollars over last week. Iron ore prices reached 102 dollars/tonne, down by 6 dollars from last week's prices, while the billets prices- ranged between 520 - 565 dollars per tonne, which were between 525-570 dollars per tonne last week, and rebar steel prices ranged between 620-640 dollars/tonne, which is the same as the past week
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The following is a statement of steel prices in the global markets on 27 May 2023: