Romania: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in Romania

In 2022, the Romanian cold-rolled steel products market increased by 135% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a pronounced expansion. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cold-Rolled Steel Products Production in Romania

In value terms, cold-rolled steel products production reduced to $X in 2022 estimated in export price. In general, production showed prominent growth. The growth pace was the most rapid in 2020 when the production volume increased by 45% against the previous year. Cold-rolled steel products production peaked at $X in 2021, and then contracted in the following year.

Cold-Rolled Steel Products Exports

Exports from Romania

In 2022, cold-rolled steel products exports from Romania shrank significantly to X tons, with a decrease of -22.6% on 2021 figures. Overall, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.6% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 43%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports dropped modestly to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Germany (X tons), Turkey (X tons) and Bulgaria (X tons) were the main destinations of cold-rolled steel products exports from Romania, with a combined 40% share of total exports. Slovakia, Poland, Hungary, Italy, the Czech Republic, Sweden, Greece, Slovenia, Spain and Austria lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +73.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Romania, comprising 29% of total exports. The second position in the ranking was held by Italy ($X), with a 9.8% share of total exports. It was followed by Sweden, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.6% per year) and Sweden (+6.3% per year).

Export Prices by Country

The average cold-rolled steel products export price stood at $X per ton in 2022, picking up by 27% against the previous year. Over the period under review, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Romania

In 2022, imports of flat-rolled products of iron or steel (not further worked than cold-rolled) into Romania contracted to X tons, falling by -5.2% compared with 2021 figures. In general, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cold-rolled steel products imports skyrocketed to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), Slovakia (X tons) and Slovenia (X tons) were the main suppliers of cold-rolled steel products imports to Romania, with a combined 49% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +68.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Germany ($X) constituted the largest cold-rolled steel products suppliers to Romania, together accounting for 44% of total imports. South Korea, Slovakia, Finland, Slovenia, Belgium, Bulgaria, Austria, Spain, Serbia and Ukraine lagged somewhat behind, together comprising a further 42%.

In terms of the main suppliers, Finland, with a CAGR of +69.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2022, with an increase of 22% against the previous year. Overall, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :