Flats prices stable in Romania despite bearish outlook

Friday, 07 June 2024 16:56:53 (GMT+3)   |   Istanbul
       

This week, even though business activities continued to remain limited, the sole producer and flat steel spot traders in Romania have chosen to keep their flat steel price positions stable. According to market players, even with extra discounts offered to serious purchasers, trade is still minimal and stock levels are fairly high. In the meantime, a representative of the sole producer stated that the current slowdown in the local market which is causing the prognosis to be unfavorable is due to the approaching summer season.

“As the market is calm and the summer vacation contributes to a slowdown in demand, we have not changed our prices as of yet,” a representative of the sole producer told SteelOrbis.

As a result, prices for domestic origin hot rolled coil (HRC) and cold rolled coil (CRC) in Romania have stabilized at €615-620/mt ex-works and €715-720/mt ex-works respectively. 

Likewise, Romanian traders' pricing for hot rolled sheet (HRS) and cold rolled sheet (CRS) have remained the same week on week at €740-765/mt ex-warehouse and CRS prices are stable at €860-900/mt ex-warehouse.

On the other hand, coated steel prices from the sole producer have remained stable week on week for HDG and PPGI at €785-790/mt ex-works and €1,065-1,070/mt ex-works, respectively.

Meanwhile, in the import segment, according to sources, the Ukrainian supplier has decreased offers for HRC to around €585/mt DAP, from €600/mt DAP. Similarly, HRC offers from Turkey have also decreased slightly over the past week, with FOB prices at $580-600/mt and freight costs of roughly €25/mt, resulting in a price to Romania of around €560-575/mt CFR.


Similar articles

Romanian flats spot prices rise slightly, local mill’s prices stable

06 Sep | Flats and Slab

Romanian flat steel traders cut spot prices, local mill’s prices stable

29 Aug | Flats and Slab

Romanian flat steel prices still stable as mood locally remains blurry

23 Aug | Flats and Slab

Flats prices stable in Romania, sentiment still poor

26 Jul | Flats and Slab

Romanian flat steel prices still stable but demand fails to pick up

19 Jul | Flats and Slab

Flats prices stable in Romania but discounts available for serious buyers

10 Jul | Flats and Slab

Romanian flat steel prices stable despite lack of demand

14 Jun | Flats and Slab

Romania’s flat steel prices stable, partly due to limited supply

31 May | Flats and Slab

Romania's flats steel spot traders cut prices, mill’s prices stable

24 May | Flats and Slab

Romania’s flat steel market stable despite weaker trade

17 May | Flats and Slab