The Romanian longs market has remained stable this week, with the country’s sole rebar producer and spot traders keeping prices unchanged compared to last week. However, overall market activity continues to be slow due to weak demand and generally high stock levels. As a result, some traders have started offering material at lower prices in an effort to attract buyers and stimulate sales. Meanwhile, in the import market, Moldovan suppliers have also adopted increasingly aggressive pricing strategies this week, significantly lowering their offers and managing to sell some lots to Romanian buyers. In contrast, Bulgarian suppliers had already succeeded in selling several lots during the previous week when their prices were more competitive. Bulgarian offers have since remained relatively firm, while Moldovan material now represents the lowest-priced option in the regional market, adding further pressure on domestic prices.
Offers from Romania’s sole rebar producer have remained in the range of €550-555/mt ex-works, unchanged from the previous week. Spot traders have also kept their offers stable at €555-565/mt ex-warehouse, in line with earlier levels. However, some traders have quoted slightly lower prices at around €540-545/mt ex-warehouse in an effort to attract buyers’ attention and encourage sales.
In the wire rod segment, a similar pattern of stability has been observed over the past week, with traders continuing to quote at €560-570/mt ex-warehouse.
On the import side, no new deals have been reported recently, as EU quotas, particularly for Turkish origin material, are nearly exhausted. Romanian buyers requiring material have therefore turned mainly to neighboring countries. During the previous week, some lots were sold from Bulgaria to Romania at around €580/mt CPT, while current offers from Bulgarian suppliers remain stable at €570-580/mt CPT for November shipments.
Meanwhile, Moldovan suppliers have become more aggressive this week, offering material at €550/mt CPT for November shipment, down from previous levels of around €570/mt CPT. According to market sources, several lots have already been sold at these reduced prices. Moreover, Greek suppliers have continued to keep offers stable, quoting at €570-575/mt CFR for rebar and €565-570/mt CFR for wire rod, both for November shipment.
On the non-EU side, offers have also remained stable compared to last week. Turkish mills are maintaining rebar offers at €485-495/mt CFR, based on an exchange rate of €1 = $1.16 and estimated freight costs of €15-20/mt. Egyptian suppliers have likewise kept their offers unchanged, quoting at €485-490/mt CFR for rebar and €495-500/mt CFR for wire rod, both for November shipment.
