According to Theorem 4.39 in Adams & Fournier Sobolev Spaces:
If $mp>n$, $m\in\mathbb N$, then $W^{m,p}(\Omega)$ is a Banach algebra $($i.e., if $u,v\in W^{m,p}(\Omega)$, then $uv\in W^{m,p}(\Omega)$ as well$)$, provided that $\Omega\subset\mathbb R^n$ satisfies the cone condition.
Clearly, $(0,2\pi)$ does satisfy the cone condition. However, does the above Theorem 4.39 apply for $m$ real?
In particular, is it true that $H^s(\mathbb T)$ is a Banach algebra, for $s>1/2$ and there is a $c>0$, such that $$ \|uv\|_{H^s} \le c\,\|u\|_{H^s}\|v\|_{H^s}, $$ for all $u,v \in H^s(\mathbb T)$?
The answer is yes. As long as a Sobolev space embeds into $C^0$, it forms an algebra. This boils down to $$|f^2(x)-f^2(y)| \le 2\sup|f|\, |f(x)-f(y)|\tag1 $$ Indeed, the norm of $H^s(\mathbb T)$, $0<s<1$, has an equivalent expression
$$ \|f\|_{H^s}^2 \approx \iint_{\mathbb T\times\mathbb T}\frac{|f(x)-f(y)|^2}{|x-y|^{1+2s}}\,dx\,dy \tag2 $$ From (1) and (2) it follows that $f^2\in H^s$ whenever $f\in H^s$. Hence $H^s$ is closed under multiplication in this case.
When $k<s<k+1$ for some integer $k\ge 1$, reason inductively using the derivatives of $f$. For example, suppose $1<s<2$. Since $(f^2)' = 2ff'$ and $f,f'\in H^{s-1}$, it follows from the above that $(f^2)' \in H^{s-1}$. Hence $f^2\in H^s$.
When $s=k$ is an integer, expand $(f^2)^{k}$ in terms of the derivatives of $k$; all terms are in $L^2$.
The fact that $H^s(\mathbb T)$ embeds into $C^0$ is a form of Morrey-Sobolev embedding. It can be proved most easily from the Fourier series definition of $H^s$: $$\sum_n (1+ n^2 )^{s} |\hat f(n)|^2<\infty$$ which by Cauchy-Schwarz implies $\sum_n |\hat f(n)|<\infty $, hence the Fourier series converges uniformly, and $f$ is continuous.