Although price cuts and discounts have failed to capture customers' interest and demand has remained sluggish throughout the past week, the Romanian producer and Romanian traders have decided to keep prices stable for now. Besides, the approaching Orthodox Easter holiday has muted the market and resulted in slower business activity.
According to reports, the sole Romanian producer has reaffirmed its previous week's offers of €650-660/mt ex-works. Traders’ pricing is unchanged at €660-670/mt ex-warehouse. However, certain traders continue to provide discounts to serious purchasers.
Similarly, nothing has changed in the Romanian wire rod market since the outlook has remained weak. Domestic prices have stayed solid at roughly €670-680/mt ex-warehouse.
In the meanwhile, in the import segment, wire rod and rebar offers from Greece have remained at €700-710/mt CFR and €720-730/mt CFR, respectively. In addition, Moldova has maintained its rebar offer at €700/mt delivered to Romania, whereas Bulgaria stands at €670-680/mt CPT. According to sources, Italian suppliers have offered rebar at €640-650/mt FCA and the estimated delivery cost to Romania stands at €40/mt from Italy, and so Romanian purchasers may consider €680-690/mt for rebar on delivered basis.
