Romania’s retail longs prices rise slightly due to improving demand

Thursday, 29 September 2022 16:19:26 (GMT+3)   |   Istanbul
       

The Romanian retail longs market, which had been on a weak trend owing to economic and financial issues, as well as insufficient demand, has swung toward price increases this week due to a minor uptick in demand. In addition, the import segment has stalled due to fewer offers, and the offers that have arrived are not welcomed by Romanian traders since they are considered to be too high.

“Prices in Romania are rising slightly since demand is a little higher than the previous week. Nonetheless, buyers expect a drop in October due to additional material arriving with the fourth quarter quota in the coming weeks. On the other hand, it appears that there is a bit of a market standoff in the import section, with no aggressive offers from anyone, but also not much interest from purchasers,” a trader told SteelOrbis

Domestic retail rebar prices in Romania currently range at €735-750/mt ex-warehouse, up from €715-745/mt ex-warehouse the previous week. According to sources, Greece's offers have risen to €790-820/mt delivered, up from €790/mt delivered last week. Similarly, Bulgaria has raised its offers by €30/mt over the past week to €800/mt delivered.

As for Turkey, the estimated price level is around €724–750/mt CFR at the $1 = €1.03 exchange rate and about €25–€30/mt freight. However, since the fourth quarter quota capacity is limited, buyers must carefully assess their choices.

Furthermore, retail prices for wire rods in Romania have increased by €5/mt to €720-770/mt ex-warehouse. While in the import segment, accordingly, Greece has offered at €770/mt delivered, down from €780/mt delivered reported in the previous week.


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Saudi Arabia’s Hadeed keeps local longs prices stable again for April

26 Mar | Longs and Billet

Iskenderun-based Turkish mill issues its longs prices

26 Mar | Longs and Billet

Local Chinese longs prices up $7-8/mt amid improved demand

25 Mar | Longs and Billet

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

Lebanese rebar market quiet while import prices drop

22 Mar | Longs and Billet

Iskenderun-based Turkish mill cuts longs prices as week ends

22 Mar | Longs and Billet

Partial stability in southern European longs market, Easter closures expected

22 Mar | Longs and Billet

Romanian longs prices stable amid ongoing optimism for demand

21 Mar | Longs and Billet