Romania’s longs market has entered an even quieter phase this week, with demand remaining limited and prices broadly stable. As the summer holiday period gathers pace across Europe, an increasing number of companies have become inactive, further reducing the already weak trading activity. Under these conditions, local traders and the country’s sole rebar producer have maintained their prices, while discounts remain available for serious buyers. Despite the generally slow domestic and import activity, an unconfirmed rumour has surfaced this week regarding a recent Turkish rebar sale to the Balkan region, with Romania or Bulgaria reported as possible destinations.
According to market sources, around 5,000-12,000 mt of Turkish rebar may have been sold recently to the Balkan region, possibly to Romania or Bulgaria, at approximately $565-570/mt FOB. However, neither the transaction nor its final destination has been confirmed so far.
On the import side, Turkish rebar offers are currently heard at around €520-540/mt CFR Romania, compared to €520-530/mt CFR Romania last week. Egyptian rebar offers have decreased to approximately €530-540/mt CFR Romania, compared to €530-545/mt CFR Romania last week, while Egyptian wire rod offers are currently heard at around €540-555/mt CFR Romania, versus €535-555/mt CFR Romania in the previous week. Bulgarian rebar offers have remained unchanged at approximately €660-670/mt CPT Romania. Hungarian rebar offers have also remained stable at around €650/mt delivered, while Hungarian rebar in-coil prices are still heard at approximately €670/mt delivered.
In the domestic market, rebar spot quotations have remained unchanged at around €630-640/mt ex-warehouse. Beltrame Group’s official rebar offers are still heard at approximately €635-640/mt ex-works, while discounted levels of around €620-630/mt ex-works remain available depending on the buyer and transaction volume. Domestic wire rod prices have also remained stable at around €670-690/mt ex-warehouse, with purchasing activity continuing at very low levels.
Author: SteelOrbis Editorial Team
