After the declines seen from long steel spot traders last week, this week market players, especially larger ones, have reported that, despite the ongoing summer season, business activities are showing slightly better momentum. As a result, prices over the past week have remained stable in the spot market, as well as from the sole rebar producer. However, according to smaller and medium-sized traders, despite keeping prices stable, demand on their side has remained slow, with no significant improvement.
As a result, the sole local producer’s rebar pricing is unchanged week on week at €590-605/mt ex-works. Similarly, retail prices of rebar in Romania remain stable at €580-595/mt ex-warehouse, the same as last week.
In the wire rod segment, a similar scenario has occurred, with the majority of traders offering wire rod at unchanged levels of €580-590/mt ex-warehouse.
In the import segment this week, no new deals have been reported. However, Turkish suppliers note that there is some interest from Balkan countries. Still, Romanian sources indicate that most purchases were concluded earlier to ensure delivery by July 1, and it is still too early to finalize deals for October shipments. Meanwhile, rebar offers from Bulgaria remain unchanged at €610-620/mt CPT. Similarly, rebar and wire rod offers from Egypt have stayed stable compared to last week, at €485-490/mt CFR and €500-505/mt CFR, respectively. Rebar offers from Turkey, however, have declined by €10/mt, now standing at €465-480/mt CFR, based on an exchange rate of €1 = $1.17 and estimated freight costs of €15-20/mt.
