In response to the pessimistic outlook resulting from the lack of demand, regional economic difficulties and the summer holidays, Romanian flats traders have decided to continue to cut prices this week. On the other hand, although domestic business activities are still at a low level, Romania's sole domestic producer has decided to keep its prices stable.
As a result of significantly low demand, Romanian flat steel traders' pricing for hot rolled sheets (HRS) has decreased by €10-20/mt to €760-790/mt ex-warehouse from last week. Likewise, cold rolled sheet (CRS) prices have fallen to €880-900/mt ex-warehouse, from around €960-1,000/mt ex-warehouse before.
On the other hand, the domestic flat steel producer in Romania has kept its hot rolled coil (HRC) and cold rolled coil (CRC) prices stable week on week at €675/mt ex-works and €795/mt ex-works, respectively.
“We have maintained our pricing, without too many bookings because demand is still very weak. Also, business activities are on the low side due to the summer holidays,” a representative of the sole producer told SteelOrbis.
Similarly, the mill's domestic market pricing for HDG and PPGI is stable week on week at €825/mt ex-works and €1,115/mt ex-works, respectively.
In the import segment, according to sources, ex-Ukraine offers for HRS and CRC have decreased from the previous week by €20-30/mt and €20/mt to €670/mt DAP and €760-770/mt DAP, respectively. Meanwhile, for heavy plates, Bulgaria and Italy have offered at €820/mt DAP and €830/mt DAP, respectively, while South Korea has offered at €780/mt CIF for October shipment.
