Bulgarian domestic longs prices mostly decline amid reduced demand

Domestic longs prices in Bulgaria have mostly continued to fall, with a drop of BGN 70-100/mt (€36-51/mt) over the past month. The main reason is the even weaker demand seen in the pre-holiday period as most buyers prefer to postpone their purchases, while some local sellers are trying to destock. Only in the beam segment have sellers maintained their price positions due to relatively livelier business activity.

In the import segment, ex-Turkey merchant bar offers are available at €700/mt CIF for December-January shipments, down €35-55/mt over the past month. Moreover, ex-Poland merchant bar prices are available at €950/mt CPT. “Although both Turkey and Poland are offering the same size range, the price gap is huge. This has been the case for quite a few months now. It seems EU mills have enough orders now that imports have been reduced with the quotas,” a market source told SteelOrbis. In addition, ex-Poland beam prices are standing at €1,000/mt CPT, while ex-Spain offers are at € 990/mt CIF.

 Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT

€1 = BGN 1.956