SteelOrbis has learned that the Romanian mills are offering 12 mm rebars to their local market at the price level of €426/mt ($547/mt) ex-works, excluding VAT, while they are offering 8 mm rebars to the same market at the price level of €436/mt ($560/mt) ex-works, excluding VAT. All prices are on actual weight basis and for 30-day deferred payment.
Price levels in the local Romanian market are still on a downtrend. Considering the low demand level along with local producers' high stock levels, price stability is unlikely to be seen in the upcoming days in this market.
€1 = US$1.2841