Despite the decreasing trade in the domestic market, mainly due to the approach of the end of the year and the Christmas holiday, Romanian flat steel spot traders have kept their offers stable week on week. Market participants believe that as the market is gradually shifting into a festive mood and customers who need to purchase goods do so just from necessity, there is no need for pricing to alter. The sole flat steel producer, on the other hand, is still not producing and is not anticipated to restart production for the time being as its financial troubles persist, but sources say it is selling some materials from stocks.
Currently, in the spot market, traders’ prices for hot rolled sheets (HRS) and cold rolled sheets (CRS) are stable from last week at €715-735/mt ex-warehouse and €820-835/mt ex-warehouse, respectively. Meanwhile, sources claim that the local producer's domestic HRC offers are still in the market, priced below €600/mt CPT.
Furthermore, there have been no new reports regarding deals in the import segment, although HRC offers from Turkey have continued to fall over the past week. Currently, Turkish mills offer HRC at FOB pricing of $530-560/mt, with freight costs of roughly €25/mt, arriving in Romania at around €530-555/mt CFR, down from €545-565/mt CFR last week. In contrast, Ukraine continues to maintain its offers to Romania for HRS and CRS unchanged week on week at €650-660/mt DAP and €740-750/mt DAP, respectively.
