Currently, hot rolled sheet (HRS) prices in the Portuguese domestic market are standing at €525-535/mt ($693-706/mt), while hot rolled coil (HRC) prices are at €480-490/mt ($634-647/mt), both ex-warehouse and for July deliveries. In the meantime, Spanish HRC base offers to Portugal stand at €455-460/mt ($601-607/mt) CFR and Italian HRC base offers can be found at €440/mt ($581/mt) CFR - both for September shipments.
On the other hand, against the backdrop of low demand in the domestic market and having failed to receive sufficient demand from the export markets, Portuguese hot dip galvanized (HDG) coil producer Lusosider has reduced its prices by €20/mt ($26/mt) this month to €515/mt ($680/mt) ex-works, for August deliveries.
€1 = $1.32
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