This week, Romanian long steel spot prices have remained stable, with Romania’s sole rebar producer maintaining its official price levels in line with traders’ prices. Although the sole domestic producer continues to announce relatively high initial offer levels, market sources indicate that discounts are being granted in actual deals to secure transactions. Despite this apparent price stability, market activity has continued at a slow pace amid weak underlying demand. Buyers are mainly affected by liquidity constraints, limiting their ability to conclude purchases, while traders, although continuing to sell from existing stocks, remain cautious about booking new material. At the same time, relatively high inventory levels across the market are reducing the urgency to conclude fresh purchases and are keeping overall sentiments under pressure.
As a result, rebar prices from the sole domestic producer have remained stable over the past week, with offers maintained at €600-610/mt ex-works. Similarly, traders’ rebar quotations have remained stable week on week at €590-600/mt ex-warehouse.
In the wire rod segment, traders’ offers have also shown stability, quoted at €585-590/mt ex-warehouse, unchanged compared to a week earlier.
Meanwhile, in the import market, trading activity has remained minimal and slow, in line with the sluggish local market, while overall offer levels have shown limited movement. According to reports, a Bulgarian supplier has kept its rebar offers stable at €615-625/mt CPT, with possible discounts for larger tonnages, while offers from Hungary have been heard at €625-630/mt CPT, also stable week on week. Among non-EU suppliers, Egyptian wire rod offers have remained unchanged at €495-500/mt CFR, while rebar offers have decreased by €5/mt week on week to €485-490/mt CFR. Turkish suppliers’ rebar offers, on the other hand, have declined further to €475-490/mt CFR, compared to €480-495/mt CFR previously. These levels are based on an exchange rate of €1 = $1.18 and estimated freight costs of €15-20/mt.
