This week, Romania's sole rebar producer and traders have maintained offers unchanged over the past week. However, smaller and medium-sized traders state that this stability may be temporary because unfavorable sentiments continue to push the market. As business activity remains weak and liquidity issues persist, market participants anticipate that prices may fall by €5-10/mt in the coming weeks. Meanwhile, sources indicate that Romania's sole rebar producer has begun to offer discounts to serious purchasers.
Over the past week, in the domestic market, the sole local producer’s rebar prices have remained at €580-590/mt ex-works. Likewise, retail pricing for rebar in Romania has remained stable at €590-605/mt ex-warehouse since last week.
Similarly, nothing has changed in the Romanian wire rod market since the outlook has remained weak. Domestic prices have stayed stable at roughly €570-595/mt ex-warehouse.
In the meanwhile, in the import segment, rebar and wire rod offers from Greece have remained unchanged at €645/mt CFR and €635/mt CFR. Similarly, Turkish rebar offers to Romania, based on mill pricing of $560-570/mt FOB, freight costs of $25-30/mt, and the current exchange rate of €1 = $1.04, have maintained around €560-575/mt CFR since last week. In addition, offers for rebar from Bulgaria have remained unchanged week on week at around €610-620/mt CPT. Egypt, on the other hand, has yet to make an offer to Romania, but is anticipated to do so in the coming weeks.