In the Portuguese flat steel market, demand is still weak and some decreases have been seen in import offers and in domestic hot dip
galvanized (HDG) coil prices, as expected. However, hot rolled sheet (HRS) prices have remained unchanged in the Portuguese domestic market.
Accordingly, HRS prices in the Portuguese domestic market are still standing at €590-600/mt ($726-738/mt) ex-warehouse, while an Italian mill's offers to
Portugal for July production hot rolled coils (
HRC) are at €515-520/mt ($634-640/mt) CFR - down €15/mt ($19/mt) week on week, while another
Italy-based producer is offering June production
HRC to
Portugal at €530-540/mt ($652-664/mt) CFR.
In the meantime, hot dip
galvanized (HDG) steel base prices of local producer
Lusosider are at €600-605/mt ($738-744/mt) ex-works, after a week-on-week drop of €10-15/mt ($12-19/mt), while Italian HDG offers to
Portugal are at the base price level of €580-585/mt ($713-720/mt) CFR.
€1 = $1.23