SteelOrbis has been informed that in the local Portuguese market imported UPN and IPN are being offered at €590-600/mt ($750-763/mt), whereas 140 mm and below sized merchant bars are at the level of €490-500/mt ($623-636/mt) - all prices are for 30-40 day deferred payments, delivery to customer, on actual weight basis and excluding VAT.
The prices of small and medium sized merchant bar, flat and square bar and IPN/UPN in the Portuguese domestic market have this week maintained their levels of the past two-to-three weeks. The possible price corrections that may be seen in the Spanish market, which is the major supplier to Portugal, could affect the prices in the Portuguese domestic market.
€1 = US$1.27126