Romania: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in Romania

In 2021, after two years of decline, there was significant growth in the Romanian market for raw steel and steel semi-finished products, when its value increased by 25% to $X. In general, consumption, however, recorded a slight reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Romania

In value terms, production of raw steel and steel semi-finished products skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight downturn. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Romania

In 2021, shipments abroad of raw steel and steel semi-finished products was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 206% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of raw steel and steel semi-finished products surged to $X in 2021. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of raw steel and steel semi-finished products from Romania, accounting for a 74% share of total exports. Moreover, exports of raw steel and steel semi-finished products to the United States exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. Italy (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +312.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+17.4% per year) and Italy (+12.0% per year).

In value terms, the United States ($X) remains the key foreign market for raw steel and steel semi-finished products exports from Romania, comprising 68% of total exports. The second position in the ranking was held by Turkey ($X), with an 11% share of total exports. It was followed by Italy, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +224.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+18.5% per year) and Italy (+10.4% per year).

Export Prices by Country

The average export price for raw steel and steel semi-finished products stood at $X per ton in 2021, growing by 48% against the previous year. Over the period under review, the export price showed slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Mexico ($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 Turkey (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Romania

In 2021, overseas purchases of raw steel and steel semi-finished products increased by 23% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a slight reduction. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of raw steel and steel semi-finished products surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest raw steel and steel semi-finished products supplier to Romania, with a 34% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Russia exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+42.9% per year) and Bulgaria (+51.8% per year).

In value terms, Russia ($X), Austria ($X) and Bulgaria ($X) appeared to be the largest raw steel and steel semi-finished products suppliers to Romania, together comprising 54% of total imports. These countries were followed by Italy, Poland, Ukraine, Germany, Greece, Luxembourg, the Czech Republic, Oman and Croatia, which together accounted for a further 43%.

Luxembourg, with a CAGR of +57.4%, saw the highest rates of growth with regard to 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 raw steel and steel semi-finished products stood at $X per ton in 2021, picking up by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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