Despite the adverse circumstances affecting the local market, Romania's sole flat steel producer and local traders have continued to keep their offer prices stable compared to the previous week. According to market participants, the explanation for the current stability is that regardless of price discounts or reductions offered to the market, buyers have not shown interest. As a result, there is not much hope for an increase in prices by suppliers as the market is still struggling and trade is predicted to stay at the current low levels until September due to the approaching holiday season and the slowdown in construction projects.
According to reports, the domestic steel producer in Romania has kept its offers of hot rolled coil (HRC) and cot rolled coil (CRC) stable week on week at €615-620/mt ex-works and €715-720/mt ex-works, respectively.
Similarly, traders' pricing for hot rolled sheets (HRS) and cold rolled sheets (CRS) has remained unchanged from last week at €740-750/mt ex-warehouse and €860-880/mt ex-warehouse, respectively.
Moreover, the mill's domestic market pricing for HDG and PPGI in stable week on week at €785-790/mt ex-works and €1,065-1,070/mt ex-works, respectively.
In the import sector, sources say that, while it is expected that offers from a Ukrainian supplier will increase in the coming days, they have apparently maintained their HRS and CRS offers at €620/mt DAP and €710-720/mt DAP, respectively. Meanwhile, Turkish offers have dropped by €5/mt, with FOB prices at $570-585/mt and freight costs of around €25/mt, arriving in Romania at around €545-565/mt CFR. But buyers need to know that this price is duty-free, and, depending on the source, Turkish materials are subject to antidumping charges in the EU.