This week, Romania’s rebar spot market has continued to show signs of stabilization, with prices holding steady compared to the previous week. According to market sources, although there was a brief uptick in demand in recent weeks, largely due to earlier price declines, current demand levels remain weak and unresponsive. At the same time, Romania’s sole domestic rebar producer, facing subdued demand typical of the summer period, has adjusted its pricing in line with spot market trends by slightly lowering its offers over the past week.
Reports indicate that Romanian rebar traders have maintained their prices from last week at €580-595/mt ex-warehouse. In contrast, the domestic mill’s rebar prices have slightly decreased to €585-590/mt ex-works, down from €590-605/mt ex-works in the previous week.
In the wire rod market, prices have also remained stable. Many traders continue to offer material at €580-590/mt ex-warehouse, as overall demand continues to lack momentum.
On the import side, no new transactions have been reported, and buyer interest remains limited. Most buyers are currently holding sufficient inventory, and with the summer holiday approaching, significant purchasing activity is expected to resume only by the end of August or September. Currently, target rebar offers from Bulgaria have decreased by €5/mt to €605-615/mt CPT from the past week, for July material. Offers from Greece have remained in line over the last week, with rebar standing at €585-590/mt CFR and wire rod at €580-585/mt CFR.
As for imports from outside of the EU, the material will be sold only in the next quota round (October 1) while European material is mainly available for July-August. Therefore, rebar from Turkey is priced at much lower level, though increased by €10/mt over the week to €475-490/mt CFR, based on an exchange rate of €1 = $1.16 and estimated freight costs of €15-20/mt. Meanwhile, rebar and wire rod offers from Egypt have stayed stable compared to last week, at €485-490/mt CFR and €500-505/mt CFR, respectively.