Romanian-based retailers who had begun the year with a price increase and somewhat better demand were unable to maintain the increase in demand at the expected levels, and so they reduced their prices and expressed a willingness to give discounts in order to attract the targeted level of demand. On the other hand, the sole producer in Romania has continued to gradually increase its offers, specifically in the coated steel segment.
The domestic flat steel producer in Romania has slightly increased hot rolled coil (HRC) offers by €5/mt to €695-700/mt ex-works and for cold rolled coil (CRC) has raised its offers by €45-50/mt to €820-825/mt ex-works from last week. Likewise, the mill’s domestic market pricing for the coated segment has trended up from last week, while its HDG price has surged by €20-25/mt to €990/mt ex-works and its PPGI price has risen to €1,125-1,170/mt ex-works from €1,070-1,075/mt ex-works.
On the other hand, traders' prices for hot rolled sheets (HRS) have decreased to €780-830/mt ex-warehouse, down from €800-850/mt ex-warehouse last week. Furthermore, the feasible price for cold rolled sheets (CRS) has fallen by €20 to €990-1,050/mt ex-warehouse.
