Spot prices for apartments in Romania are falling, the only local factory is silent about the resumption of production
After the weakening of the local currency, Romanian flat-rolled spot traders decided to slightly soften their offers compared to the previous week. Moreover, due to the approach of the second election day, which will take place this weekend, most market participants said that the market is in a state of confusion, and demand remains minimal throughout the week. On the other hand, Romania's only manufacturer of flat rolled products has decided not to announce the start of production operations. It is reported that financial difficulties and the need for raw materials do not allow the manufacturer to return to work and start production in the near future.
In the local spot rolled sheet market, most traders have reduced prices for hot rolled sheet (HRS) week by week by 10-15 euros per ton to 715-735 euros per ton from the warehouse. Similarly, cold rolled sheet (CRS) offers dropped to 820-840 euros per tonne from the warehouse last week, compared with 835-850 euros per tonne from the warehouse last week.
Meanwhile, in the import market of HRS and CRS supplies from Ukraine, the prices for shipments to Romania remain unchanged at 640 euros per ton and 730 euros per ton, respectively. According to sources, Romanian buyers have not shown much interest in the upcoming elections, and imports remain inactive. Similarly, HRC offers from Turkey remain stable: FOB prices are 540-565 dollars per ton, shipping costs are about 25 euros per ton, and shipping costs to Romania are about 505-530 euros per ton, which has not changed compared to last week.
Steelorbis.com