Romanian buyers have remained a target for European suppliers, taking into account the decent demand seen in the country despite Covid-related issues.
Offers are mainly coming from neighboring countries, while prices have risen by €43/mt from Hungary, while dropping by €20/mt on the higher end from Bulgaria, over the past month. In particular, fresh offers are reported at €545/mt CPT from Hungary and at €540/mt CPT from Bulgaria. In addition, ex-Italy rebar offers to Romania are standing at €560/mt CPT Cluj. Some sources have reported that small deals from Italy to Romania for delivery by sea were done at around €495-500/mt CFR last week.
Local Romanian producers’ rebar prices are currently standing at around €525-530/mt delivered to customer, excluding 19 percent VAT. The price may vary depending on the order size and payment conditions. A few Romanian traders are offering rebar at €528/mt CPT Cluj, SteelOrbis has learned.