According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne, $7 up compared to last week’s prices. and iron ore prices $101/ tonne, $3 up compared to last week's prices.
While the prices of billets ranged between 420 – 455 Dollars per tonne, while it was between 420– 450 dollars per tonne last week, and rebar prices ranged between 505– 565 dollars/tonne, while it was between 505 – 560 dollars per tonne last week.
The following is the
statement in the global markets on 17 May 2025