Due to weak end-user demand and an overabundance of supply on the market, domestic flat steel prices in Romania have fallen again this week. As a result, retail traders have sought to decrease prices in order to get rid of excess inventory. However, due to rising cost prices and little demand, the prices of the cold rolled coil and coated segment from Romania's sole domestic flat steel producers are on the rise.
Meanwhile, there have been some movements in import offers this week, which has not happened in a long time, with some hot roll coil (HRC) proposals, according to sources, ex-Serbia have been available at €745/mt DAP, and ex-Slovakia offers HRC at €790/mt DAP, lastly ex-Italy offered for HRC at €770/mt CIF.
Currently, prices for domestic origin hot rolled coil in Romania have dropped by €15-30/mt to €760/mt ex-works. Likewise, traders' pricing for hot rolled sheets (HRS) has also trended down at €855-900/mt ex-warehouse which was €875-990/mt ex-warehouse in the previous week.
On the other hand, domestic prices for cold rolled coil (CRC) in Romania have surged up this week to €1,000/mt ex-works, from €885-890/mt ex-works. While achievable prices for cold rolled sheets (CRS) are presently at €945-1,000/mt ex-warehouse, which was at €1,045-1,070/mt ex-warehouse the previous week.
Furthermore, in the coated steel segment, the domestic market offers for HDG and PPGI have gone up from the previous week, with HDG prices at €1,000/mt ex-works, up from €970-975/mt ex-works last week, and PPGI at €1,360/mt ex-works, up from €1,270-1,275/mt ex-works.
