Given the persistently slow demand, limited sales volumes and ongoing liquidity pressures affecting both buyers and sellers, the outlook for the Romanian longs market has remained gloomy over the past week. Despite these challenges, domestic prices have generally held steady for both the country’s sole rebar producer and local traders. However, the weak pace of business continues to push some traders to offer prices below workable levels in an attempt to attract buyers’ interest and generate a minimal turnover. Meanwhile, the import market has remained quiet after quota exhaustion, reducing interest in new deals with Turkey or other non-EU suppliers. Market sources report that, when restocking is necessary, Romanian buyers increasingly lean toward nearby suppliers such as Bulgaria and Moldova due to shorter lead times and more flexible supply options.
As a result, domestic rebar offers have shown no change over the past week. The country’s sole producer continues to keep prices at €550-555/mt ex-works, while spot traders have maintained quotations at €550-565/mt ex-warehouse, in line with last week’s levels. Even so, some traders are still willing to negotiate lower prices to generate sales, with discounted levels of €535-540/mt ex-warehouse reported for larger-volume orders.
In the wire rod segment, prices have likewise remained unchanged. Despite weak demand, traders continue to quote material in the range of €560-570/mt ex-warehouse, with no significant adjustments reported during the week.
On the import side, no significant new purchases have been reported from Romanian buyers, aside from occasional medium-sized cargoes sourced from nearby suppliers. Overall, import prices have remained largely stable. According to market sources, EU suppliers continue to hold their offers steady, with the Bulgarian mill quoting at €570-580/mt CPT for rebar and the Moldovan supplier maintaining levels at around €550/mt CPT, unchanged from last week. Among non-EU suppliers, Egyptian mills have also kept their pricing unchanged, offering rebar at €485-490/mt CFR and wire rod at €495-500/mt CFR. In contrast, Turkish suppliers have raised their offers by approximately €10/mt over the past week, supported by firmer scrap prices. Current Turkish offers stand at €495-510/mt CFR, calculated on an exchange rate of €1 = $1.15 and estimated freight costs of €15-20/mt.
