Amid the ongoing slowdown in the Romanian domestic market driven by seasonal factors and declining long steel prices across Europe, local long steel spot traders have opted to lower their offers compared to the previous week. Meanwhile, offers from the country’s sole producer have remained unchanged. Since the new EU import quota period has begun, the anticipated arrival of more competitively-priced import materials puts pressure on domestic prices. Demand has also weakened further this week, as buyers are generally waiting for customs clearance before making new purchases. In the import market, some interest in Turkish suppliers has been noted, but no confirmed deals have been reported so far.
As a result, rebar prices from Romanian traders have declined by €5–10/mt, currently standing at €580-595/mt ex-warehouse. On the other hand, rebar offers from Romania’s sole producer remain unchanged week on week at €590-605/mt ex-works.
In line with the rebar trend, wire rod prices from traders have also decreased due to weak demand, with current offers reported at €580-590/mt ex-warehouse, down from last week’s €585-595/mt.
Meanwhile, in the import segment, market sources suggest that some larger Romanian buyers may have booked volumes, particularly from Turkey, though no official confirmations have surfaced yet. Turkish rebar offers have dropped by €5/mt, now standing at €475-490/mt CFR, based on an exchange rate of €1 = $1.18 and estimated freight costs of €25-30/mt. Similarly, offers from Egypt have also decreased. Rebar is now at €495–500/mt CFR, down from €505-510/mt CFR, while wire rod stands at €505–510/mt CFR, previously at €520-525/mt CFR. Additionally, Bulgarian rebar offers have softened by €10/mt, now at €610-620/mt CPT.
