Considering the still slow demand and the continuing impact of the holiday period, Romanian long steel traders and the sole domestic rebar producer have decided to keep offers unchanged from last week. Although demand remains subdued, market participants report some gradual improvement, with expectations of a stronger recovery in the coming days. As a result, some rebar traders have attempted to test higher levels, though, according to reports, these efforts have not generated any significant interest.
In the domestic market, ex-works offers from the sole rebar producer have remained firm at €585-590/mt ex-works, while retail prices across Romania are stable at €580-595/mt ex-warehouse. However, as noted above, some traders attempted to lift offers to €600-605/mt ex-warehouse, but with limited success.
Similar stability has also been observed in the wire rod market. Despite sluggish demand, offers have remained unchanged at €575-585/mt ex-warehouse, the same as in the previous week.
Meanwhile, in the import market, although no fresh deals have been reported, Romanian buyers remain interested in purchasing and are engaged in negotiations, particularly with Turkish mills. These negotiations are expected to conclude with some deals in the coming weeks. Current offers from Turkish mills are quoted at $530-545/mt FOB, which, at an exchange rate of €1 = $1.17, correspond to €470-485/mt CFR for delivery to Romania, down from €475-490/mt CFR in the previous week. Non-EU supplier Egypt has decided to keep stable offers for October shipments, with rebar priced at €485-490/mt CFR and wire rod at €495-500/mt CFR. Meanwhile, EU suppliers such as Bulgaria have slightly decreased offers to €590-600/mt CPT, down from €595-605/mt CPT, for September-October shipments. Additionally, Moldova has continued to offer rebar at €590-600/mt CPT, unchanged from last week.