Algerian rebar import market awakens months after licences are issued

Algerian steel-product importers have finally began to buy rebar, months after the country’s ministry of commerce issued import licences, albeit for significantly reduced volumes, sources told Metal Bulletin on Wednesday September 13.

Metal Bulletin’s price assessment for Algerian rebar imports was €495-520 ($592-622) per tonne cfr on Wednesday. Exporters from Southern Europe are bundling together orders consisting of low tonnages in order to obtain a viable freight cost, sources told Metal Bulletin, with rebar volumes...

Published

Viral Shah

September 13, 2017

18:06 GMT

London