Flats spot prices in Romania fall, mill keeps prices stable but plans hikes

Friday, 24 November 2023 16:23:48 (GMT+3)   |   Istanbul
       

While the sole Romanian producer has maintained price stability and plans increases in the coming weeks due to the overall market trend, Romanian flat steel spot traders have chosen to lower prices in order to attract some interest from buyers. According to market participants, with price decreases business activity has improved slightly and is likely to continue until the start of the holiday season. Meanwhile, demand received by the domestic producer remains limited, but favorable global developments are exerting upward pressure on prices. 

The local mills continues to offer its hot rolled coil (HRC) and cold rolled coil (CRC) at around €665-670/mt ex-works and €795/mt ex-works, respectively. Likewise, the producer's domestic HDG and PPGI prices are unchanged week on week at €825/mt ex-works and €1,115/mt ex-works, respectively.     

Romanian traders, on the other hand, have agreed to reduce prices of hot rolled sheet (HRS) by €20/mt ex-warehouse starting this week, to €760-780/mt ex-warehouse. 

“The demand for sheets in Romania has recovered and is currently decent. We are able to make great deals and anticipate further stabilization in the coming weeks,” a trader commented to SteelOrbis  

Similarly, cold rolled sheet (CRS) prices have decreased by €10-20/mt ex-warehouse from the previous week to €845-850/mt ex-warehouse. 

Meanwhile, in the import category, Italy has offered heavy plates at around €760/mt DAP, while Bulgaria has offered at about €740-760/mt DAP. In addition, Ukraine has offered at €680/mt for HRS and €770/mt for CRS, both delivered to Romania


Similar articles

Romanian flat steel spot prices stable as demand fails to improve further

01 Nov | Flats and Slab

Turkish flat steel spot prices relatively stable despite weak trade

31 Oct | Flats and Slab

Romanian flat steel spot prices rise somewhat despite lack of trade

25 Oct | Flats and Slab

Romanian flat steel spot prices stable amid insufficient demand

18 Oct | Flats and Slab

Turkey's flat steel spot prices increase further despite slower trade

17 Oct | Flats and Slab

Romanian flats producer not offering, local traders raise offers slightly

11 Oct | Flats and Slab

Turkey’s flat spot prices continue to rise amid higher HRC prices

09 Oct | Flats and Slab

Romania's flat steel spot prices decline amid delicate outlook

04 Oct | Flats and Slab

Flat steel spot prices in Turkey rise in line with local mills’ HRC prices

02 Oct | Flats and Slab

Local Turkish flat steel spot prices stable as discounts fail to attract buyers' attention

25 Sep | Flats and Slab