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Algerian long steel producers gain momentum in the global market

Despite global trade uncertainties, Algerian long steel producers are seizing export opportunities and achieving strong sales in European, US and African markets.

Algerian long steel producers gain momentum in the global market

Algerian long steel producers continue to have a strong presence in the global market, making good use of export opportunities despite uncertainties in international trade policies.

Algerian Qatari Steel (AQS) offered rebar at USD 553 FOB for late March-early April shipment, selling large volumes to Europe, the UK and West Africa. AQS, which exported a total of 40,000 tons of wire rod to the US and Europe in early February, aims to strengthen its market position with new export offers in March.

Local prices in Algeria have remained stable since early February, although small increases have been recorded in foreign currency terms. Following exports to Europe and the UK, AQS is considering a price increase in the domestic market, while Tosyali Algerie plans to keep its prices stable until the end of February. Rebar and wire rod prices are hovering around USD 675-686/t and USD 666-677/t, respectively, in the local market.

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