Mr. Abdelmadjid Tebboune, Algerian interim trade minister and also minister for housing and urban planning has said that Algeria may unveil quotas on reinforcing bar imports soon.

Mr.Tebboune added that he will discuss quotas for reinforcing bar imports and for other product imports at an inter-ministerial meeting, as reported by Algerian and French media. Algeria, the largest importer of Italian origin reinforcing bars, imposed an import licence system in January 2016 to protect its economy amid the collapse in oil prices and other factors.

The quota volumes for the current year have not been announced yet.