SteelOrbis has learned that the Romanian mills are offering 12 mm rebars to their local market at the price level of €450/mt ($584/mt) ex-works, excluding VAT, while they are offering 8 mm rebars to the same market at the price level of €460/mt ($597/mt) ex-works, excluding VAT. All prices are on actual weight basis and for 30-day deferred payment.
End-user demand levels in the local Romanian market are still low. Shortage of cash is creating difficulties for business.
€1 = US$1.29827