Over the past month, Bulgarian domestic rebar prices have mostly fallen by BGN 10-20/mt (€5-10/mt) amid sluggish demand, while wire rod prices have increased by BGN 10/mt (€5/mt) against the backdrop of the relatively better demand for wire rod compared to that for other products.
Most local buyers are in a holiday mood and are postponing their import purchases as the EU next quota round will begin on October 1.
Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT
Product |
Price, CPT |
Monthly change |
||
BGN/mt |
€/mt |
BGN/mt |
€/mt |
|
1,140-1,160 |
583-593 |
-10 |
-5 |
|
1,190-1,220 |
608-624 |
+10 |
+5 |
|
Merchant bars |
1,340-1,430 |
685-731 |
-20/-10 |
-10/-5 |
1,550-1,620 |
792-828 |
-20 |
-10 |
|
In the import segment, Turkish rebar and wire rod export offers to Bulgaria for August shipment are available at $575-580/mt FOB and $585-590/mt FOB, remaining stable for wire rod and down by $5/mt on the higher end for rebar over the past month. The estimated freight rate from Turkey to Bulgaria is around $20/mt (€18/mt). In addition, ex-Algeria rebar and wire rod offers are available at $560/mt FOB and $570/mt FOB respectively, equal to €565-575/mt CFR, depending on the volume. Moreover, ex-Egypt rebar stands at $570/mt FOB Alexandria, SteelOrbis has heard, translating to around €545-555/mt CFR depending on the tonnage.
Bulgaria's rebar export price has been reported at €600-610/mt CPT to Romania.
€1 = BGN 1.956
$1 = €0.92