The sole Romanian flat steel producer and local traders have this week kept their prices after realizing that even price cuts for serious customers have failed to draw in buyers and that overall trade remains satisfactory. Meanwhile, market participants believe that the current price stability will not last and that prices will ultimately fall since the overall picture for the domestic market and Europe does not appear promising.
“We did not modify anything and have kept prices stable while bookings are still at exceptionally low levels. In the previous three weeks, no significant quantity was booked, merely small spot orders quite insufficient for the mill's needs,” a representative of the sole Romanian producer commented to SteelOrbis
As a result, the domestic steel producer in Romania has kept its hot rolled coil (HRC) and cot rolled coil (CRC) offers stable week on week at €665-670/mt ex-works and €795/mt ex-works, respectively.
Similarly, traders' pricing for hot rolled sheets (HRS) and cold rolled sheets (CRS) has remained unchanged week on week at €760-800/mt ex-warehouse and €855-870/mt ex-warehouse, respectively.
Moreover, the mill's domestic market pricing for HDG and PPGI is also unchanged from last week at €825/mt ex-works and €1,115/mt ex-works, respectively.
Meanwhile, in the import segment, ex-Ukraine offers for HRC have been reported at €600-620/mt DAP, while Serbia has offered HRC at €650/mt DAP though sources claim that discounts are possible for serious buyers. On the other hand, PPGI offers from Italy have been heard at €1,000/mt DAP, whereas India has offered at around €900/mt DAP.