In the local Portugese steel market, domestic flat steel prices have remained unchanged this week. Currently,hot rolled sheet (HRS) prices in the local Portuguese market are standing at the levels of €660-670/mt ($915-929/mt) ex-warehouse, for 60-day deferred payment while hot dip galvanized (HDG) steel prices are at €730/mt ($1,012/mt) ex-works. In the Portugese market last month, hot rolled coil (HRC) offers from Spain and Italy were standing at €630-640/mt ($874-888/mt)CFR. In the meantime, Portugese steel producer Lusosider's HDG coil base price stand at €730/mt ($1,012/mt) ex-works, while base price for HDG offers from Italy and Spain are at €730-740/mt ($1,012-1,026/mt) CFR.
€1 = $1.387