The Romanian long steel market is very quiet this week since the Christmas holidays have just ended in the middle of the week and some companies are still not working but will return to the market next week when market activity is expected to pick up. As a result, rebar and wire rod prices in the spot market have remained unchanged week on week amid low demand levels. Meanwhile, according to sources, Romania's sole rebar producer has yet to submit new offers and has not restarted production, and it remains uncertain whether it will resume production owing to economic worries.
As a result, traders maintained their rebar offers at €585-605/mt ex-warehouse, while the sole rebar producer has not issued any new offers. Its previous offers were at €580–590/mt ex-works.
Similarly, Romanian wire rod traders have maintained the same prices as before, at €580-590/mt ex-warehouse, as trade is still slow and the market has not returned from the holidays.
In the import segment, offers have remained practically unchanged and import activity is expected to pick up next week. At the moment, Moldova is still not giving offers to Romania because of gas supply concerns, while Bulgaria's offers have remained stable at about €600-620/mt CPT. Similarly, Egypt's offers for both rebar and wire rods remain unchanged at €585-590/mt CFR. Furthermore, Turkish mills' rebar export offers are at $560-570/mt FOB, and with the current exchange rate of €1 = $1.03, delivered prices to Romania have remained stable week on week at €570-580/mt CFR. Meanwhile, Greece's rebar and wire rod offers to Romania have declined to €610-615/mt CFR and €620-625/mt CFR, respectively, down from €620-625/mt CFR and €610-615/mt CFR before.