Domestic flat steel prices in Romania have continued to tumble this week, owing to poor end-user demand and excessive market supplies. As a result, retail market players have sought to lower prices in order to get rid of extra stocks. However, there have been no adjustments in hot rolled sheet (HRS) prices this week.
Currently, prices for domestic origin hot rolled coil (HRC) in Romania have dropped by €20/mt to €710-715/mt ex-works. On the other hand, traders' pricing for hot rolled sheets has stayed the same as in the previous week at €850-950/mt ex-warehouse. Meanwhile, in the import segment, according to sources, ex-Turkey HRS has been available at €760-770/mt CFR.
On the other hand, domestic prices for cold rolled coil (CRC) in Romania have fallen this week to €835-840/mt ex-works, from €850-855/mt ex-works. Moreover, achievable prices for cold rolled sheets (CRS) are presently at €1,000-1,070/mt ex-warehouse, down by €45-50/mt from the previous week.
Furthermore, in the coated steel segment, domestic market offers for HDG and PPGI have declined from the previous week, with HDG prices at €890-895/mt ex-works, down from €910-915/mt ex-works last week, and PPGI at €1,300-1,305/mt ex-works, down from €1,320-1,325/mt ex-works.
