Tosyali Algerie, one of the key longs suppliers in Algeria, has revised its domestic prices downwards, most probably aiming to trigger some more active sales.
The company has dropped its domestic offers for rebar and wire rod by DZD 1,500/mt to DZD 65,000/mt ex-works and DZD 73,000/mt ex-works, respectively. On the US dollar basis Tosyali Algerie prices have moved down by $11/mt since earlier this month to $497/mt ex-works and $511/mt ex-works. Algerian Qatari Steel, another local longs producer, has not yet followed the downward move, but is expected to shortly, SteelOrbis understands.
Prices on US dollar basis exclude nine and 19 percent VAT for rebar and wire rod, respectively.
$1 = DZD 120
