Over the past week, Romania's long steel market has remained depressed, with less demand from purchasers and fewer construction projects. Even while some Romanian traders assume that longs offers may rise somewhat as a result of the recent increases in scrap prices, the current weak domestic market prevents any further increases. As a result, the sole Romanian rebar producer and local traders have decided to keep prices unchanged this week, but for serious purchasers discounts are possible.
Currently, the sole Romanian rebar producer's prices have remained stable week on week at around €575-580/mt ex-works, while most traders have kept their rebar prices unchanged week on week at €570-590/mt ex-warehouse, with their wire rod offers stable at €580-595/mt ex-warehouse.
Furthermore, there were some import offers this week, though interest from Romanian traders has remained minimal. According to sources, offers for rebar from Moldova have remained stable at €590-600/mt CPT. Likewise, Egypt has also kept its rebar and wire rod offer prices unchanged at €535-540/mt CFR and €540-545/mt CFR, respectively. Greece, on the other hand, has offered rebar and wire rod at €645-650/mt CFR and €635-640/mt CFR, respectively. Meanwhile, Turkey's average rebar price has increased by €5/mt to €545-560/mt CFR Romania, with a €1 = $1.11 exchange rate and around €25-30/mt freight.
