The Romanian long steel spot market has remained largely stable this week, although the softer sentiment observed in recent weeks continues to weigh on trading activity. Market participants indicate that demand remains limited, with buyers continuing to focus primarily on immediate requirements amid generally slow market conditions. The approaching summer holiday season has also contributed to a cautious atmosphere, restricting new purchasing activity and reducing overall market momentum. While most traders have kept their official prices unchanged, sources report that some traders remain open to discounts in spot transactions, particularly for serious buyers and larger tonnages, reflecting the ongoing difficulty in generating stronger sales volumes.
As a result, rebar spot prices in Romania have remained stable at €635-640/mt ex-warehouse, while wire rod prices are still reported at €685-690/mt ex-warehouse.
On the production side, Beltrame Group has continued to indicate rebar prices at around €640-650/mt ex-works, maintaining unchanged offer levels compared to the previous week.
Meanwhile, activity in the import market has remained slow this week, in line with the subdued conditions in the domestic market. Buyers have shown limited interest in new bookings, and no fresh import deals have been heard by the time of publication. Bulgarian rebar offers have been heard at around €650-665/mt CFR. On the other hand, Greek suppliers' offers have remained stable, with rebar at €655-665/mt CFR and wire rod at €665-675/mt CFR. Meanwhile, on the non-EU side, offers from Egyptian suppliers have been heard at €545-555/mt CFR for rebar and €555-565/mt CFR for wire rod, compared to €545-550/mt CFR for rebar and €560-565/mt CFR for wire rod last week. Turkish suppliers have, meanwhile, slightly decreased their rebar offers to €530-545/mt CFR Romania, compared to €535-545/mt CFR heard last week, based on an exchange rate of €1 = $1.15 and estimated freight costs of €25-30/mt.
