Demand still low in Portuguese flat steel market

Over the past four weeks, hot rolled coil (HRC) prices in the local Portuguese market have remained stable, while hot rolled sheet (HRS) and hot dip galvanized (HDG) prices have declined. Accordingly, in the Portuguese market, where demand has remained on the weak side, HRS offers have declined by €10-15/mt ($13-19/mt), while HDG prices have moved down by €30/mt ($38/mt) compared to four weeks ago.
 
SteelOrbis has learned that in the Portuguese flat steel market the prices of HRC are still standing at €515/mt ($659/mt) ex-works, while HRS is now being offered at €580 ($742/mt). In the meantime, local producer Lusosider's base offers for hot dip galvanized (HDG) coil are now standing at €550/mt ($704/mt) ex-works. All the prices in question are for December output. 
 
On the other hand, offers for December-January production HRC from Italy to Portugal are at €460-465/mt ($589-595/mt) CFR, while ex-Spain HRC offers are at €480/mt ($614/mt) CFR, for December and January outputs.
 
€1 = $1.28