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Romania’s flat steel market stable despite weaker trade

Friday, 17 May 2024 16:32:27 (GMT+3)   |   Istanbul
       

Following the holiday period, the sole Romanian flat steel producer and local traders, observing no change in levels of trading activity, have decided to keep their offer prices stable week on week. Nonethelessmarket participants believe that the current price stability will not last and that prices will ultimately fall since the overall picture for the domestic and European markets does not appear promising.

The domestic steel producer in Romania has kept its hot rolled coil (HRC) and cold rolled coil (CRC) offers stable week on week at €615-620/mt ex-works and €715-720/mt ex-works, respectively.

Similarly, traders’ prices for hot rolled sheets (HRS) and cold rolled sheets (CRS) have remained unchanged week on week at €750-780/mt ex-warehouse and €900-950/mt ex-warehouse, respectively.

The domestic mill's local market pricing for HDG and PPGI is also unchanged from last week at 785-790/mt ex-works and €1,065-1,070/mt ex-works, respectively.

Meanwhile, in the import segment Romanian traders continue to hesitate since local demand is very low. While no offers have been received from Ukraine, Turkey’s HRC offers have declined week on week, with FOB prices ranging from $590-610/mt and freight at roughly €25/mt, resulting in a price to Romania of approximately €570-585/mt CFR, down from €585-605/mt CFR last week.


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