Small recovery in the Romanian domestic rebar market

In the Romanian domestic market 8-12 mm rebar offers are standing at around the level of RON 1,400/mt ($447/mt) delivered to warehouse, excluding VAT, on actual weight basis for 30-day deferred payments. It is observed that the mills in the Romanian domestic market are tending to increase their rebar prices. The major development in this market is that demand has lately been showing some activity. It will be clarified in the coming days whether this improvement will continue or not.