In the Greek domestic flat steel market, where prices have been on a gradual downtrend, demand has remained low. Hot rolled coil (
HRC) prices in the local market are at $570/mt CIF, while hot dip
galvanized (HDG) prices are standing at $780/mt CIF.
Meanwhile local producer Hellenic Steel's domestic cold rolled coil (
CRC) and HDG offers are determinant for the market, and so the current import offers have not gained much interest. Nevertheless, the Middle Eastern origin
HRC offers to
Greece are at €460/mt ($593/mt) CIF, though these offers have failed to attract Greek buyers' attention as less expensive prices are available in the domestic market.
€1 = $1.29