Romanian flat steel spot prices have softened slightly as traders adjust their offers in response to currency fluctuations and weak market demand. The ongoing economic uncertainty, coupled with the upcoming elections, has led to cautious buying behavior, with many market participants hesitant to commit to large-volume purchases.
Meanwhile, Romania’s sole flat steel producer remains silent on restarting operations, citing financial difficulties and raw material constraints. This prolonged inactivity has contributed to a lack of domestic supply, forcing traders to rely on imports to meet demand. However, import activity has also been subdued, with buyers showing limited interest due to market instability.
Hot rolled sheet prices have declined by €10-15 per tonne, now ranging between €715-735 per tonne ex-warehouse. Cold rolled sheet offers have also dropped, settling at €820-840 per tonne ex-warehouse. Despite these adjustments, overall transaction volumes remain low, reflecting the broader uncertainty in the steel sector.
Market participants are closely monitoring developments, particularly the potential impact of political shifts on industrial activity. While some traders anticipate further price reductions, others remain hopeful that demand will stabilize in the coming months, allowing for a gradual recovery in Romania’s flat steel market.
