This week, despite stable price levels from both the sole domestic producer and local traders, activity in the Romanian long steel market has remained particularly slow amid weak demand, plentiful stocks and severe winter weather. The poor weather conditions have limited construction activity and reduced purchasing interest, while market participants report that the harsh winter conditions across the country have delayed many projects and slowed buying decisions. At the same time, ongoing liquidity problems continue to add pressure, keeping buyers cautious and transaction volumes limited. With stock levels already high across the market, the need for fresh material has remained low, and import purchasing has therefore also stayed slow and at minimal levels.
Over the past week, the sole domestic producer has continued to keep its rebar prices unchanged at €600-610/mt ex-works, while traders’ workable rebar levels have also held steady, at €590-600/mt ex-warehouse.
A similarly quiet trend has been observed in the wire rod segment, where traders’ quotations have remained at €585-590/mt ex-warehouse, indicating no notable week-on-week shift.
On the import side, trading activity has remained very limited, in line with the slow domestic market, while overall offer levels have shown only slight adjustments. According to sources, Bulgarian suppliers have revised their rebar offers down to €610-620/mt CPT, compared to €615-625/mt CPT previously. Meanwhile, Hungarian offers have been heard at €625-630/mt CPT, remaining stable week on week. Among non-EU suppliers, Egyptian offers have stayed unchanged at €485-490/mt CFR for rebar and €495-500/mt CFR for wire rod. Turkish suppliers’ rebar offers, on the other hand, have softened further to €475-485/mt CFR, compared to €475-490/mt CFR previously. These levels are based on an exchange rate of €1 = $1.18 and estimated freight costs of €15-20/mt.
