Even though the sole Romanian producer managed to raise its flat steel prices last week, demand did not reach the anticipated levels and remained sluggish and so it chose to keep prices stable during the past week.
"End-user demand is quite low, and business activities suffer as a result. Yet, while there are a few industries that are performing well, such as automotive, the remainder are impacted by extremely high bank interest rates. Construction, for example, is not working, and only European funding is assisting in this area, and sometimes there are a few other infrastructure works," a representative of the Romanian producer told SteelOrbis
Also this week, Romanian traders amid the ongoing unfavorable conditions have also decided to keep their prices stable.
As a result, the Romanian flat steel producer has kept its offers for hot rolled sheets (HRC) and cold rolled sheets (CRC) stable at €830/mt ex-works and €930/mt ex-works, respectively.
Moreover, in the coated segment, its domestic market offers for HDG and PPGI have remained stable at €980/mt ex-works and €1,280/mt ex-works, respectively.
Similarly, week on week, traders' offers for hot rolled sheet (HRS) and cold rolled sheet (CRS) have remained unchanged at €860-870/mt ex-warehouse and €1,000-1,070/mt ex-warehouse, respectively.
Meanwhile, in the import segment, according to sources, offers for HRS and CRS ex-Bulgaria are unchanged week on week at €880/mt and €1,000/mt delivered to Romania, respectively. Also, Ukraine has offered HRC at unchanged levels of €780-785/mt CIF, while Serbia has offered HRC at €810/mt CIF.