The pressure from the persistent lack of demand, higher costs and excess stocks has been reflected in Romanian traders' declining prices this week. Meanwhile, despite the negative conditions, Romania's sole producer opted to keep its prices stable since it had some sales within its current price range.
The sole domestic steel producer in Romania has maintained its pricing at €690/mt ex-works for HRC, while likewise its cold rolled coil (CRC) prices are still the same as last week, at €830/mt ex-works.
Additionally, the mill's domestic market prices for HDG and PPGI in the category of coated steel are unchanged since last Friday at €880/mt ex-works and €1,210/mt ex-works, respectively.
Currently, traders' prices for hot rolled sheets (HRS) have decreased by €15-30/mt to €805-870/mt ex-warehouse from last week. Similarly, the feasible price for cold rolled sheet (CRS) has fallen to €945-1,070/mt ex-warehouse, from €990-1,070/mt ex-warehouse.
“Prices fluctuate because some of us chose not to sell at a loss, while many Romanian traders who are eager to get rid of expensive stocks are even prepared to sell at a loss,” a trader claimed to SteelOrbis.
In the import segment, according to sources, ex-Italy offers HRC are at €640/mt CIF, and Bulgaria made an offer for 2-6 mm HRS and CRS at €800/mt DAP and €960/mt DAP, respectively.
