Workers’ strike halts steel production at Tosyali Algeria; leads to increased import interest

Steel production has stopped at the Algerian steel mill of Turkish steelmaker Tosyali after a workers’ strike began on Wednesday April 24, according to local newspaper reports.

Tosyali could not be reached for comment at the time of publication. “Production at Tosyali has stopped, and in the past two or three days, we have seen increased Algerian interest for wire rod imports from Italy and Spain,” one European export trader told Fastmarkets on Friday April 26. Fastmarkets’ weekly assessment of the price of Southern European export wire rod was €480-495 ($535-552) per tonne fob on April 24 - the...

Published

Viral Shah

April 26, 2019

16:21 GMT

London