Despite the dismal state of the Romanian flat steel market, the sole Romanian producer and local traders continue to offer the same offers as last week. According to market participants, even if the current unsatisfactory demand continues in both the European and local market in Romania, there is still some support for price stability from these meagre levels of business activity.
“There is absolutely no movement. The mill stays with open capacities and demand remains restricted. No uptake in pricing is foreseen in this quarter, and at current market levels there is no reason to resume production,” a representative of the sole Romanian producer commented to SteelOrbis.
Accordingly, the domestic steel producer in Romania has kept its hot rolled coil (HRC) and cot rolled coil (CRC) offers stable week on week at €665-670/mt ex-works and €795/mt ex-works, respectively.
Likewise, traders' pricing for hot rolled sheets (HRS) and cold rolled sheets (CRS) has remained unchanged week on week at €760-800/mt ex-warehouse and €855-870/mt ex-warehouse, respectively.
Furthermore, the mill's domestic market pricing for HDG and PPGI is also unchanged from last week at €825/mt ex-works and €1,115/mt ex-works, respectively.
Similar to how things are overall in the Romanian market, this week has witnessed stability in the import segment. According to reports, HRC offers from Ukraine and Serbia have been maintained at €600-620/mt DAP and €650/mt DAP, respectively. While Turkey has offered €735/mt FOB for CRC this week, the levels should be around €760-765/mt CFR based on the €1 = $1.05 exchange rate. Furthermore, ex-Ukraine offers for HRS and CRS have been heard at €650/mt DAP and €740/mt DAP, respectively. In the meantime, offers from Italy and India for coated material, particularly for PPGI, have been heard at the same levels as before, at €1,000/mt DAP and €900/mt DAP, respectively.