SteelOrbis has learned that demand has remained weak in the Portuguese flat steel market. Even though last week the general expectation in the market was for prices to indicate a softening this week, local mills have not yet announced their prices for July production. Therefore, market players are now expecting to see a price softening next week, in the range of €15-20/mt ($19-25/mt). While flat steel quotations have remained unchanged as compared to last week in Portugal, buyers are adopting a wait-and-see stance for now.
Accordingly, in the Portuguese flat steel market prices of hot rolled sheet (HRS) are currently standing at €590-600/mt ($749-762/mt) ex-warehouse, while June production hot rolled coil (HRC) prices are at the base price level of €530-535/mt ($673-679/mt) and ex-Italy June production HRC offers are at €530-540/mt ($673-686/mt) base price level.
In the meantime, Portuguese producer Lusosider's domestic offers for hot dip galvanized (HDG) coil are at the level of €610-620/mt ($775-787/mt) base level.
€1 = $1.27
Flat steel prices in Portugal fail to indicate anticipated softening
Marketplace Offers
Hot Rolled Coil
Thickness
1.5 - 25 mm
Width
1,000 - 1,500 mm
Coil
R
Tedarikçi
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
HDG Coil
Thickness
0.5 - 4 mm
Width
1,000 - 1,500 mm
Coil
R
Tedarikçi
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Hot Rolled Coil
Thickness
0.8 - 5 mm
Width
1,150 - 1,850 mm
Coil
R
Tedarikçi
SAMBHV SPONGE POWER LIMITED