Ahead f the upcoming break for Orthodox Easter, business activities have slowed down further in Romania, but a majority of suppliers have preferred to maintain their previous price positions since large discounts would not trigger much demand. Consumption has remained at low levels since financial difficulties have continued to weigh on the market outlook. In the meantime, several Romanian traders who believe demand will pick up after the holiday have begun offering discounts to serious customers.
This week, the domestic steel producer in Romania has maintained offers for May production hot rolled coil (HRC) and cot rolled coil (CRC) at €830/mt ex-works and €970/mt ex-works, respectively. Similarly, the retail pricing for hot rolled sheets (HRS) and cold rolled sheets (CRS) has remained unchanged from last week, at €860-890/mt ex-warehouse and €1,020-1,080/mt ex-warehouse, respectively. However, some traders have provided discounts for CRS to €980-1,000/mt ex-warehouse in order to entice customers.
The domestic mill's local market pricing for HDG and PPGI has also remained stable week on week at €1,115/mt ex-works and €1,280/mt ex-works, respectively.
Meanwhile, in the import category, according to sources, South Korea has offered HRC at €725/mt CIF Constanta for June delivery.
