SteelOrbis has been informed that the local price levels for imported HRS in the Portuguese market are in a range of €430-440/mt ($573-586/mt) ex-warehouse on actual weight basis and for 60-day deferred payment. Meanwhile, the base price of HDG is at the level of €420/mt ($559/mt) ex-works. While a slight recovery was expected in May in this market, prices have this week remained unchanged compared to the levels of late April.
€1 = US$1.33235