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European mills dismiss Algerian bids for rebar exports

July 16, 2014 - 16:30 GMT Location: London

KEYWORDS: rebar prices , wire rod exports , wire rod prices , Europe , Algeria

Trading in the Southern European rebar export market continued at a standstill as opportunistic bids from Algeria were ignored, sources told Metal Bulletin sister title Steel First on Wednesday July 16.

Rebar bids from Algeria were heard at €405-410 ($551-558) per tonne fob main Southern European ports – €15 ($20) per tonne below the previous trading level – which mills have refused to accept. Algerian appetite for European rebar is...

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