Romania’s sole rebar producer and local traders have decided to keep their rebar offers stable week on week amid an unchanged market situation. Although some traders continue to provide discounts to serious purchasers in an effort to conclude sales, market participants report that these efforts have been unsuccessful and that overall trading activity is still relatively low.
According to reports, this week's offers from Romania's sole rebar producer have stayed at €575-580/mt ex-works. Romanian rebar traders have kept their offers stable week on week at €570-585/mt ex-warehouse. Even though traders see that there has been no significant increase in trading activity, a few traders are still attempting to sell more aggressively, at roughly €550-560/mt ex-warehouse.
Similar to rebar traders, Romanian wire rod traders have also chosen to keep prices stable, with various traders reporting prices at around €570-580/mt ex-warehouse.
Furthermore, according to sources, although Moldova has increased rebar offers by €5/mt week on week to €580/mt CPT, Bulgaria has lowered rebar offers by €10/mt to €590-600/mt CPT. Meanwhile, Egypt has kept its rebar and wire rod offers stable at €565-580/mt CFR for October shipment. In addition, Greece has offered rebar and wire rods for €595-600/mt CFR and €605-610/mt CFR, respectively.
