The Romanian long steel market has remained largely stable in recent weeks, as the country’s sole producer and local traders have kept price levels unchanged. Buyers continue to resist higher prices, while sellers remain reluctant to offer discounts, resulting in weak demand and ongoing liquidity constraints. Meanwhile, some movement has been observed on the import side. Market sources report limited purchasing activity over the past few weeks, particularly from Italy and Turkey. Sources indicate that Romanian buyers, after noticing a slight pickup in domestic market activity, moved to replenish stocks by securing some volumes from Turkey and concluding deals at competitive levels with Italian suppliers.
This week, Turkish suppliers have lowered their quotations amid weaker trading activity, reducing offers by around €15/mt to €475-495/mt CFR compared to the previous week. These levels are based on an exchange rate of €1 = $1.20 and estimated freight costs of €15-20/mt. At the same time, Italian rebar has been offered at around €600/mt CPT, with some volumes reported to have been booked at these levels.
Other import offers have largely remained stable. According to sources, a Bulgarian supplier has kept rebar offers unchanged at €615-620/mt CPT, while Greek suppliers continue to quote rebar at €585-590/mt CFR and wire rod at €595-620/mt CFR to Romania. In addition, rebar offers from Hungary have been heard at €625-630/mt CPT. Among non-EU suppliers, Egyptian offers have also remained unchanged, with rebar still quoted at €490-495/mt CFR and wire rod at €495-500/mt CFR, in line with the previous week.
In the local market, rebar prices have remained stable over the past week, with the sole producer maintaining offers at €600-610/mt ex-works, while traders’ quotations have also remained unchanged at €590-615/mt ex-warehouse. Similarly, in the wire rod segment, traders’ offers have continued to hold steady at €585-600/mt ex-warehouse.
