SteelOrbis has learned from market sources that in the local Portuguese market flat steel demand lacks strength, though it is livelier as compared to demand for long steel products. Currently, hot rolled sheet (HRS) prices in the local Portuguese market are standing at the level of €620/mt ($892/mt) ex-warehouse, for 60-day deferred payment, while hot dip galvanized (HDG) steel prices are at the base price level of €640/mt ($921/mt) ex-works.
On the other hand, in the Portugese market hot rolled coil (HRC) offers from Italy are standing at the base price level of €555/mt ($739/mt)CFR, while HDG offers from Italy are at €590-610/mt ($849-878/mt) CFR.
€1 = $1.439