As SteelOrbis has been informed by market players, in the local Tunisian flat steel market demand is low as inventories are at high levels. Accordingly, hot rolled coil (HRC) and cold rolled coil (CRC) offers given to the country have not been found to be workable for the moment.
HRC offers to the Tunisian market from ArcelorMittal Annaba, Algerian subsidiary of world's largest steel producer ArcelorMittal, are at $530/mt ($694/mt) CFR, for May shipments, while Russian producer Magnitogorsk Iron and Steel Works' (MMK) HRC offers to the Tunisian market are standing at $700/mt CFR, for May shipments. In addition MMK's CRC offers to Tunisia are at $800/mt CFR, again for May shipments.
On the other hand, Egyptian offers to Tunisia for 180 gr/m² hot dip galvanized (HDG) coils of 1.5-2 mm thickness are at around $840/mt CFR, for May shipments, while Turkish offers to the Tunisian market for similar products are standing at $850/mt CFR, for shipments in May.
€1 = $ 1.31