In the past week, Romania's sole rebar producer and local traders have remained silent, with unchanged offers. According to market players, despite relatively stable longs prices in the global and Romanian markets, traders anticipate a slight price softening in the coming weeks due to unfavorable local factors. The main causes are limited trade and the current difficult weather conditions in Romania, which is slowing down ongoing projects.
Currently, the sole producer's rebar prices are stable week on week at €580-590/mt ex-works, with Romanian rebar traders’ prices also stable week on week, at around €575-580/mt ex-warehouse.
Similarly, while the outlook for the wire rod segment remains depressing, traders are offering unchanged prices week on week at €570-585/mt ex-warehouse.
Although there have been no reports of deals this week, import offers have persisted, and sources indicate that Greece's offers for wire rod and rebar remain stable at €605-610/mt CFR and €615-620/mt CFR, respectively. Similar stability has been observed in Egypt’s offers, with offers for rebar and wire rod remaining at around €560-565/mt CFR since last week. In addition, Turkey rebar offers have also been stable since last week, and, based on mills’ prices of $580-590/mt FOB and freight costs of $25-30/mt, the Turkish price levels to Romania should be at about €575-590/mt CFR at the current currency exchange rate of €1 = $1.05. The Bulgarian supplier, meantime, has chosen to increase the offers from last week by €5/mt CFR to €605-625/mt CPT.