Notwithstanding the bleak outlook caused by a lack of demand and local economic issues, Romania's sole domestic flat steel mill has raised its prices. Nevertheless, because of lower business activity this week, Romanian traders have chosen to maintain their previous price positions.
Currently, prices for domestic origin hot rolled coil in Romania have increased by €30/mt to €830/mt ex-works. Traders' pricing for hot rolled sheets (HRS) has remained stable week on week at €860-870/mt ex-warehouse.
On the other hand, domestic prices for cold rolled coil (CRC) in Romania have risen this week to €930/mt ex-works, from €915/mt ex-works last week. While achievable prices for cold rolled sheet (CRS) are stable week on week at €1,000-1,070/mt ex-warehouse.
Furthermore, in the coated steel segment, the domestic market offers for HDG have increased, while PPGI prices have remained stable week on week, with HDG prices at €980/mt ex-works, up from €960/mt ex-works in the previous week, and PPGI prices at €1,280/mt ex-works.
Meanwhile, in the import segment, there have been some offers from Bulgaria for HRS and CRS at €880/mt and €1,000/mt delivered to Romania, respectively. Furthermore, Ukraine has offered HRC at €780-785/mt CIF, while Serbia has offered HRC at €810/mt CIF.