SteelOrbis has been informed that the local price level for imported HRS in the Portuguese market is at of €410/mt ($577/mt) ex-warehouse on actual weight basis for 60-day deferred payment. Meanwhile, also in the Portuguese domestic market, a galvanized producer's base price of HDG is at the level of €420/mt ($591/mt) ex-works, indicating a €10/mt increase compared to last week. Although there is an uptrend in import offer prices to Portugal, no similar trend is observed regarding end-user demand in this country.
Meanwhile, the base price level in ex-Italy HDG offers is at €430/mt ($605/mt) delivered to Portugal.
€1 = US$1.418