Algerian steelmaker Algerian Qatari Steel is currently offering rebar at $531/mt (DZD 69,500/mt) ex-works and wire rod at $564/mt (DZD 80,500/mt) ex-works, market sources report. Last week, rebar in Algeria was available at $535-543/mt (DZD 70,000-71,000/mt) ex-works, SteelOrbis has learned. Wire rod offers, on the contrary, were slightly lower than present levels - at $560/mt (DZD 80,000/mt) ex-works. Domestic demand for longs in Algeria remains subdued amid political unrest. US dollar-denominated prices exclude nine and 19 percent VAT for rebar and wire rod, respectively.
$1 = DZD 120
