Algerian Qatari Steel (AQS) started its own steel production last week, the company told Fastmarkets at the sidelines of the Arab Iron & Steel Union (AISU) annual summit in Tunisia on Wednesday November 27.
The company used to import steel billet, but a source at the company told Fastmarkets: "We have stopped importing semis some time ago, continuing with re-rolling billet from stocks imported earlier."Fastmarkets' daily steel billet index, CIS export, fob Black Sea was at $386 per tonne on Wednesday, up from $370 per...