Amid the ongoing depressing outlook for the Romanian domestic market, the sole Romanian producers and local traders have continued to keep their offers stable. On the other hand, similar to the local Romanian market, the majority of import offers have also remained stable week on week. According to exporters, the present market situation is extremely unclear and so trade remains limited.
“Actually, the current state of low demand makes exporting quite challenging. So, we try to follow the market, but the uncertainty makes it incredibly difficult to have a firm discussion with anyone for future weeks,” the representative of an important Greek exporter told SteelOrbis.
Over the past week, the price of rebar from Romania's sole producer has remained unchanged at €575-580/mt ex-works. Similarly, Romanian rebar traders have also kept their offers stable, at €570-585/mt ex-warehouse.
In the wire rod market, where there has been no improvement in demand, most traders have decided to keep their pricing at roughly €570-580/mt ex-warehouse as before. According to sources, a few traders have been trying to attract customers' attention by selling at around €560/mt ex-warehouse.
Because of the generally weak trade, this week's import offers are unchanged week on week. Moldova has kept its rebar offers at €580/mt CPT and Egypt has maintained its rebar and wire rod offers at €565-580/mt CFR for October shipment. Furthermore, Greece's rebar and wire rod offers are unchanged week on week at €595-600/mt CFR and €605-610/mt CFR, respectively. Meanwhile, according to sources, Italy has offered rebar at €550/mt FOB, which is around €590/mt CFR Romania, but this information has not been confirmed by the time of publication.
