SteelOrbis has learned that 3-8 mm hot rolled sheet (HRS) prices in the local Portuguese market are standing at €580-590/mt ($742-755/mt) ex-warehouse. However, HRS demand in the country is low.
SteelOrbis has further learned that hot rolled coil (HRC) offers from Italy and Spain to the Portuguese market are still standing at €480/mt ($614/mt) CFR, while new offers are expected to be announced either this week or next week.
€1 = $1.28