Demand in the Spanish flat steel market has remained weak. Meanwhile, hot rolled coil (
HRC) prices in the local Spanish market have decreased by €20/mt ($22/mt) to €370-380/mt ($407-418/mt) ex-warehouse over the past month, excluding 21 percent VAT and for August deliveries. In addition, import
HRC offers in
Spain have decreased by €20/mt ($22/mt) month on month to €350-360/mt ($385-396/mt) CIF, for September shipments.
€1 = $1.10