This week, the sole flat steel producer in Romania decided to raise its offers for hot rolled coil (HRC) in response to a slight uptick in demand at the end of the year and the influence of other European flat mills that keep their HRC offers high. However, the sole supplier continues to hold back the cold rolled coil (CRC) offer while maintaining offer levels in the coated segment. In the meantime, ahead of the holiday, Romanian flat steel spot market traders have chosen to keep their offers unchanged since market demand has been much greater than in previous months.
“We raised HRC pricing, and demand has marginally risen but this is a standard end-of-year restocking, so we will have to wait and see how demand evolves after the holidays,” the mill’s representative commented to SteelOrbis.
As a result, Romania's local flat steel producer raised hot rolled coil (HRC) pricing by €10-15/mt ex-works to €680-690/mt ex-works while holding back cold rolled coil (CRC) offers.
On the contrary, the mill's domestic market price for HDG and PPGI has remained consistent from previous weeks at €780-785/mt ex-works and €1,055-1,080/mt ex-works, respectively.
On the other hand, in the flat steel spot market, the majority of traders have agreed to maintain last week's price for hot rolled sheets (HRS) and cold rolled sheets (CRS) at €760-780/mt ex-warehouse and €845-850/mt ex-warehouse, respectively.
In the meantime, no offers have been received in the import segment this week, but thanks to increased local demand, it is predicted that in the coming month traders might be interested in stocking.