Tosyali Algerie, one of the key steel producers in Algeria and for now basically the sole active exporter, has increased prices for the domestic and overseas markets as compared to mid-February. The key reasons are the globally positive trends and expectations, fuelled by the uptrend in China and in the raw materials segment.
The company’s local rebar prices have increased by $15/mt (DZD 2,000/mt) to $583/mt (DZD 92,000/mt) ex-works. In the wire rod segment, the price rise has been smaller - by $9/mt (DZD 1,000/mt) to $672/mt (DZD 106,000/mt) ex-works, SteelOrbis has learned.
In the export segment, Tosyali Algerie has increased its rebar offers by $10-15/mt over the past week to $630/mt FOB, while the wire rod offers have risen by only $5/mt on the lower end to $710/mt FOB.
Prices in the local currency include 19 percent VAT.
$1 = DZD 132.59
