The Romanian long steel market continued to remain stable over the past week, with both domestic and import activity remaining subdued. Persistent weak demand and ongoing cash flow constraints have continued to weigh on market sentiment. As a result, most local traders, along with the country’s sole rebar producer, have kept their offer prices unchanged. On the import side, reduced local demand has led to low purchasing interest among Romanian buyers, who continue to limit their purchases to only essential tonnages. The overall import market has remained largely inactive, with limited trading and stable offers.
According to reports, rebar prices from Romania’s only producer have remained steady week on week at €590-605/mt ex-works. Similarly, traders’ rebar prices have not changed, standing at €590-600/mt ex-warehouse.
In the wire rod segment, the situation is more or less the same, with no major developments. Most traders continue to quote prices at €585-595/mt ex-warehouse, showing consistent stability from the previous week.
As for imports, market activity has remained mostly quiet, both in terms of trading and new offers. Greek offers for rebar and wire rod are holding firm at €600-605/mt CFR and €595/mt CFR, respectively. Egyptian offers remain unchanged as well, with rebar at €505-510/mt CPT and wire rod at €520-525/mt CPT. Meanwhile, Turkish rebar offers to Romania are stable at €490-510/mt CFR, based on an exchange rate of €1 = $1.15 and freight costs of €25-30/mt.
