Romania: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Romania

The Romanian market for hot-rolled steel bars and rods soared to $X in 2021, growing by 30% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.2% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Hot-Rolled Steel Bars and Rods in Romania

In value terms, hot-rolled steel bar and rod production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a deep reduction. Hot-rolled steel bar and rod production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Romania

In 2021, overseas shipments of hot-rolled steel bars and rods increased by 89% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled steel bar and rod exports skyrocketed to $X in 2021. Overall, exports, however, saw a perceptible curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of hot-rolled steel bar and rod exports from Romania, with a combined 61% share of total exports. Hungary, Bulgaria, Austria, Poland, the Netherlands, the Czech Republic, Denmark and Serbia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +17.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Hungary ($X) constituted the largest markets for hot-rolled steel bar and rod exported from Romania worldwide, with a combined 61% share of total exports. Turkey, Bulgaria, Austria, Poland, Denmark, the Netherlands, the Czech Republic and Serbia lagged somewhat behind, together comprising a further 30%.

Denmark, with a CAGR of +25.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for hot-rolled steel bars and rods stood at $X per ton in 2021, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2018 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Romania

In 2021, imports of hot-rolled steel bars and rods into Romania rose remarkably to X tons, increasing by 5.7% against the previous year. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, hot-rolled steel bar and rod imports soared to $X in 2021. In general, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Bulgaria (X tons), Greece (X tons) and Italy (X tons) were the main suppliers of hot-rolled steel bar and rod imports to Romania, with a combined 50% share of total imports. Turkey, Moldova, Bosnia and Herzegovina, Russia and Ukraine lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +58.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled steel bar and rod suppliers to Romania were Bulgaria ($X), Greece ($X) and Italy ($X), with a combined 48% share of total imports. Turkey, Moldova, Bosnia and Herzegovina, Ukraine and Russia lagged somewhat behind, together accounting for a further 32%.

Russia, with a CAGR of +52.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hot-rolled steel bars and rods stood at $X per ton in 2021, growing by 49% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Greece ($X per ton), while the price for Russia ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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