Tunisian flat steel market not to revive until after Ramadan

Demand in the Tunisian flat steel market is currently at normal levels, but is expected to slow down in July and August due to the summer holidays and Ramadan. Accordingly, the Tunisian flat steel market will likely revive by the end of Ramadan (ends mid-August) at the earliest.
 
Hot rolled coil (HRC) offers given to Tunisia by ArcelorMittal's Algeria-based subsidiary ArcelorMittal Annaba are standing at €520/mt ($681/mt) CFR, decreasing by about €10/mt ($13/mt), while Russian steel producer Magnitogorsk Iron and Steel Works (MMK) is offering HRC to the country at $670/mt CFR, down $30/mt, both compared to last month. In the meantime, MMK's cold rolled coil (CRC) offers to the Tunisian market have declined by $10/mt as compared to last month, decreasing to $790/mt CFR.
 
Finally, Egyptian flat steel producer Kandil's offers to Tunisia for 180 gr/m² zinc coated hot dip galvanized (HDG) coils of 1.5-2 mm thickness are at $840/mt CFR.
 
All offers are for June shipments.
 
€1 = $1.31