Despite somewhat improved business activity and the shifts in flat steel spot prices in the previous week, Romanian flat steel traders have decided to keep their prices stable this week due to the failure to attract additional demand in the domestic market. Meanwhile, with no significant changes in the local market and a weakening trend in the EU flat steel market, Romania's sole flats producer has kept its prices stable.
As a result, the domestic producer’s hot rolled coil (HRC) and cold rolled coil (CRC) prices are stable week on week at €615-620/mt ex-works and €715-720/mt ex-works, respectively. Moreover, in the coated steel segment, the producer’s domestic prices for HDG and PPGI are also stable at €785-790/mt ex-works and €1,065-1,070/mt ex-works, respectively.
In the spot market, Romanian traders have also kept their prices stable week on week. Accordingly, their prices for hot rolled sheets (HRS) and cold rolled sheets (CRS) are stable at €730-750/mt ex-warehouse and €840-860/mt ex-warehouse, respectively.
Furthermore, sources state that import offers are also nearly unchanged week on week. Consequently, Ukraine has offered HRS and CRS to Romania at €620/mt DAP and €720/mt DAP, respectively. Similarly, quarto plates for infrastructure projects in specific grades from Macedonia have remained stable week on week at €765/mt delivered to Romania. However, HRC offers from Turkey have increased, with FOB prices ranging at $570-585/mt and freight at roughly €25/mt, resulting in a price to Romania of approximately €540-555/mt CFR, up from €535-550/mt CFR before.
