According to market sources, a Spanish steel producer's
rebar offers to the Algerian market have been at approximately €438/mt ($473/mt) CFR this week, while ex-Italy
rebar offers to
Algeria are at €415/mt ($448/mt) FOB.
Even though demand for
rebar in
Algeria is not so strong, some import bookings have continued to be concluded in the country. However, the main factor which limits demand for
rebar in
Algeria is the gap between imported
rebar offer prices and the price level of €430/mt ($464/mt) CFR which Algerian buyers are seeking.
€1 = $1.08