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Southern Europe’s deformed steel bar quotes to North Africa remain stable – 11 Jul 11

According to feedback of traders, Southern Europe’s deformed steel bar quotes to North Africa have remained stable for consecutive six weeks.
At present, export prices of deformed steel bar to Algeria for July delivery are at €510~€520/ton FOB, remained flat in comparison of that in the end of May.
A trader indicated that Southern Europe’s export quotes of deformed steel bar are at €510/ton FOB recently and the current deal export prices to Algeria are at €535/ton CFR. He added the purchase for deformed steel bar from North Africa are few and local distributors’ inventories are high recently.
For the prospect, it’s predicted that the purchase will become inactive by the coming of Ramadan in August.
( Source: www.yieh.com )
Jul 11, 2011 09:24
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