SteelOrbis has learned that in the Algerian domestic long steel market quotations of
rebar are at $750-760/mt + VAT ex-works. This week's
rebar offers from
Italy and
Spain to the Algerian market are standing at $715-725/mt CFR, while demand is quite strong in
Algeria. As SteelOrbis has heard from market sources, Algerian buyers prefer to conclude purchases on US dollar basis rather than on euro basis. The latest
rebar deals from southern
Europe in
Algeria have been concluded at $710-720/mt CFR.