Mills prices up while retail prices weaken in Romania flat steel market

Thursday, 25 August 2022 17:22:03 (GMT+3)   |   Istanbul
       

This week, traders' prices for flat steel in Romania decreased due to poor demand and surplus in stocks, while the country’s only producer opted to boost prices due to inflation and rising cost prices despite being aware that sales would be fairly low in the coming days. Meanwhile, Romania's import interest has remained modest since the traders are unwilling to pile up excessive stocks.

The price of hot-rolled coil (HRC) with domestic origin in Romania increased by €55–60/mt over the week to €770/mt ex-works. In contrast, traders' price for hot-rolled sheets (HRS) has fallen to €845-900/mt ex-warehouse from €850-950/mt ex-warehouse in recent weeks. Meanwhile, in the import category, sources claim there is an offer from the US for HRS at €820/mt delivered.

On the other hand, domestic cold-rolled coil (CRC) prices in Romania surged this week to €890/mt ex-works versus €835-840/mt ex-works three weeks ago. Furthermore, the feasible price for cold-rolled sheets (CRS) dropped by €25-30/mt to €975-1,040/mt ex-warehouse.

Moreover, in the coated steel category, the domestic market prices for HDG and PPGI improved from previous weeks, with HDG pricing at €900/mt ex-works, up from €890-895/mt ex-works in previous weeks, and PPGI estimated to be at €1,250/mt ex-works in the fourth quarter.


Similar articles

Ussuri Capital to build low-carbon emissions flats plant in Romania

29 Mar | Steel News

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab

US flats mills take primes down $60-$70/gt, announce HRC price increase

08 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 10, 2024

07 Mar | Flats and Slab

US HRC, CRC and HDG coil prices maintain their downtrend

01 Mar | Flats and Slab