According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne, $10 up compared to last week’s prices. and iron ore prices $98/ tonne, unchanged from last week's prices.
While the prices of billets ranged between 420 – 450 Dollars per tonne, while it was between 420– 450 dollars per tonne last week, and rebar prices ranged between 505– 560 dollars/tonne, while it was between 510 – 550 dollars per tonne last week.
The following is the
statement in the global markets on 10 May 2025