Algerian traders expect that the local demand for steel rebar for September will be better due to hectic building industry in the period of Ramadan.
Although the local price was down by nearly EUR 40 per tonne last week, most South European mills would increase their rebar price by EUR 15 to EUR 20 per tonne for August 2012.
Moreover, Italian steel mill will cut its initial duration of plant maintenance from 4 weeks to 3 weeks.
Sourced from yieh.com
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