In the Algerian
rebar market, where European steel mills have a corner on the market,
rebar offers from
Italy and
Spain are standing at €515-530/mt ($649-668/mt) CFR. According to market sources, local mills'
rebar offers in the Algerian domestic market, where demand is weaker than in the same period last year, are at $695-700/mt ex-works, while traders' offers are at $675-695/mt ex-warehouse, excluding seven percent VAT.
€1 = $1.26