Romanian longs prices have continued to increase this week, extending the upward trend seen in recent weeks despite demand conditions still falling short of fully supporting the current pace of price growth. Compared to last week, the market has moved to noticeably higher levels, although trading activity remains largely selective and focused on the short term. Market participants indicate that demand from large construction projects and infrastructure works is still relatively solid, while the residential segment continues to show a weaker performance. At the same time, firmer European pricing, supportive scrap price trends and the ongoing impact of CBAM- and quota-related restrictions on imports have continued to support the bullish market mood. Meanwhile, different pricing approaches among traders have become more visible, with larger traders trying to slow down overly aggressive increases in order to preserve sales volumes, while some medium-sized and smaller traders have continued to push prices upward more aggressively amid firm sentiments.
As a result, rebar prices in the Romanian spot market have increased from €625-640/mt ex-warehouse last week to €650-665/mt ex-warehouse, while wire rod prices have also moved up, from €660-680/mt to €690-700/mt ex-warehouse.
On the production side, Romania’s sole domestic rebar producer, Beltrame Group, has continued to indicate rebar prices at €630-640/mt ex-works. However, market sources report that the producer is currently selling mainly from existing stocks, while some commonly requested rebar dimensions are reported to be unavailable in their stocks. In addition, several sources state that some previously booked lower-priced orders were reportedly cancelled in recent weeks, leaving a number of traders exposed after already committing volumes to downstream customers.
In the import market, trading activity in Romania has remained selective, with buyers still proceeding carefully due to quota- and CBAM-related uncertainties, though regional price increases have continued to affect offer levels. According to reports, Bulgarian rebar offers to Romania have remained stable week on week at €655-670/mt CPT. By contrast, Greek suppliers have moved their offers higher, with rebar now heard at €670-680/mt CFR Romania and wire rod at €660-670/mt CFR. Meanwhile, on the non-EU side, Egyptian suppliers have kept their June shipment offers unchanged at €550-560/mt CFR for rebar and at €555-570/mt CFR for wire rod. Turkish suppliers have meanwhile raised their rebar offers slightly to €530-545/mt CFR Romania, compared to €525-545/mt CFR heard last week, based on an exchange rate of €1 = $1.17 and estimated freight costs of €25-30/mt.
