This week, Romanian long steel prices have remained stable, both at the sole domestic rebar producer and among spot market traders. Despite this price stability, demand continues to be limited and overall market activity remains subdued. The recent announcement of changes to the EU safeguard measures and the ongoing implementation of CBAM (Carbon Border Adjustment Mechanism) have created further uncertainty about the future market direction. While some rumors of possible price increases have started to circulate after the news, no actual movements have been seen so far. The market continues to perform under more or less the same conditions as last week. Although a few traders may be trying to speculate on the latest developments, the effect seems to be marginal since demand remains weak and unsupportive of any upward movement.
“After the news, some rumors of price increases have been circulating, but no actual movements have occurred yet. The market is still performing under conditions similar to last week. Although some traders might be trying to speculate based on the news, I believe the overall impact will be marginal,” a trader told SteelOrbis
As a result, offers from Romania’s sole rebar producer have remained at €550-555/mt ex-works, the same as last week. Similarly, spot traders have kept their offers stable, at €555-565/mt ex-warehouse, in line with previous levels.
A similar stable trend has been observed in the wire rod segment, where traders have continued to quote €560-570/mt ex-warehouse, stable week on week.
Meanwhile, in the import segment, the silence has largely continued this week. No fresh deals have been reported, as many buyers expect quotas to be exhausted soon and remain cautious amid the uncertainty following the recent EU safeguard announcements. Although no major deals have been heard for non-EU origins, Romanian buyers in need of stock have opted for small-volume purchases from nearby suppliers. Some minor bookings were made from Bulgarian suppliers, whose rebar offers have decreased compared to last week, down from €580-590/mt CPT to €570-580/mt CPT, for October-November shipment. On the other hand, Moldovan producers have decided to keep their rebar offers stable at €570/mt CPT for the same shipment period. From non-EU origins, Egyptian mills have maintained their offers at €485-490/mt CFR for rebar and €495-500/mt CFR for wire rod, for November shipment. Meanwhile, Turkish mills, supported by rising scrap prices, have slightly increased their rebar offers. Current levels stand at €480-495/mt CFR, up from last week’s €465-485/mt CFR, based on an exchange rate of €1 = $1.16 and estimated freight costs of €15-20/mt.
