SteelOrbis has been informed that the local price levels for imported HRS in the Portuguese market are in a range of €430-440/mt ($572-585/mt) ex-warehouse on actual weight basis. Meanwhile, also in the Portuguese domestic market, base price level of HDG is at the level of €420/mt ($558/mt) ex-works. While the price levels have remained unchanged since last week, it is expected that the flat products' price level in the local Portuguese market may see a slight uptrend in the upcoming days.
€1 = US$1. 329