PRICING NOTICE: Proposal to discontinue Metal Bulletin’s Algeria import rebar assessment
Metal Bulletin is proposing to discontinue its weekly price assessment for Algeria rebar imports, expressed in € per tonne cfr.
Rebar import volumes into Algeria have been decreasing rapidly since 2016, when the country’s government introduced import quotas.
This decision occurred in tandem with the development of local long steel rolling capacities. The Algerian government expanded its protectionist policy in 2017, tightening rebar import quotas. It then added further restrictive regulations in early 2018, although the quota system was abandoned at the same time.
European rebar export volumes to Algeria totaled 108,000 tonnes in January-June 2018. This was a sharp reduction from the total of 849,000 tonnes in the previous six months of July-December 2017, according to European steel association Eurofer.
This change in trade flows is expected to be permanent and, as a result, Metal Bulletin is proposing to discontinue its Algeria rebar import price assessment.
Algeria import rebar € per tonne cfr main port
Dimensions: Diameter 8-32mm, length up to 12,000mm
Quantity: 5,000-20,000 tonnes
Location: cfr Algeria main port
Timing: Up to two months
Unit: € per tonne
Payment terms: Letter of credit (LC)
Publication: Every Wednesday, 2-3pm London time
Notes: Includes 15% import duty for non-EU material.
The consultation period for this price discontinuation will end one month from the date of this pricing notice, on Friday October 5, 2018, with changes taking place from October 10, 2018, subject to market feedback.
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Viral Shah and Ross Yeo by email at: email@example.com. Please add the subject heading FAO: Viral Shah/Ross Yeo, re: Algeria rebar import price.
To see all Metal Bulletin’s pricing methodology and specification documents, go to https://www.metalbulletin.com/prices/pricing-methodology.html