Despite the weakness that has been present in the market for some time, Romanian flat steel traders have kept prices stable week on week. On the other hand, according to reports, the sole domestic flat steel producer has yet to begin production, although offers and sales are still heard for March shipment. However, according to market speculation, the sole flat steel producer is still facing economic challenges and delays in completing deliveries despite receiving government assistance.
Currently, prices for domestic origin hot rolled coil (HRC) in Romania have remained stable week on week at €590-600/mt CPT. Likewise, traders' prices for hot rolled sheets (HRS) and cold rolled sheets (CRS) have remained unchanged week on week at €725-750/mt ex-warehouse and €835-850/mt ex-warehouse, respectively.
Meanwhile, while no new import deals have been announced, HRS and CRS offers from Ukrainian suppliers have remained stable week on week at €650-660/mt DAP and €740-750/mt DAP, respectively. Turkish mills, on the other hand, have raised their offers somewhat compared to last week, with FOB prices ranging from $530 to 540/mt, freight costs of roughly €25/mt, coming to Romania at around €535-545/mt CFR.