While the sole Romanian producer has maintained price stability and plans increases in the coming weeks due to the overall market trend, Romanian flat steel spot traders have chosen to lower prices in order to attract some interest from buyers. According to market participants, with price decreases business activity has improved slightly and is likely to continue until the start of the holiday season. Meanwhile, demand received by the domestic producer remains limited, but favorable global developments are exerting upward pressure on prices.
The local mills continues to offer its hot rolled coil (HRC) and cold rolled coil (CRC) at around €665-670/mt ex-works and €795/mt ex-works, respectively. Likewise, the producer's domestic HDG and PPGI prices are unchanged week on week at €825/mt ex-works and €1,115/mt ex-works, respectively.
Romanian traders, on the other hand, have agreed to reduce prices of hot rolled sheet (HRS) by €20/mt ex-warehouse starting this week, to €760-780/mt ex-warehouse.
“The demand for sheets in Romania has recovered and is currently decent. We are able to make great deals and anticipate further stabilization in the coming weeks,” a trader commented to SteelOrbis
Similarly, cold rolled sheet (CRS) prices have decreased by €10-20/mt ex-warehouse from the previous week to €845-850/mt ex-warehouse.
Meanwhile, in the import category, Italy has offered heavy plates at around €760/mt DAP, while Bulgaria has offered at about €740-760/mt DAP. In addition, Ukraine has offered at €680/mt for HRS and €770/mt for CRS, both delivered to Romania.