Over the past month, Bulgarian domestic longs prices have decreased by BGN 10/mt (€5/mt) amid the sluggish demand during summer season. The general outlook on the demand side in Bulgaria is still negative and a few Bulgarian buyers are sending enquiries to Turkey in order to take advantage of €/$ parity.
In the import segment, Turkish rebar and wire rod export offers to Bulgaria for August-early September shipments are respectively available at $555-565/mt CFR, up by $5/mt, and $565-575/mt CFR, up by $10/mt over the past month, with the freight rate from Turkey to Bulgaria estimated at around $15-20/mt. Sources report ex-Romania rebar offers to Bulgaria is at around €605-615/mt CPT so far. Romanian rebar price level seems a bit high under the current market conditions.
Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT
| Product | Price, CPT | Monthly change | ||
| BGN/mt | €/mt | BGN/mt | €/mt | |
| Rebar | 1,150-1,170 | 588-598 | -10/-10 | -5/-5 |
| Wire rod | 1,210-1,240 | 619-634 | -10/-10 | -5/-5 |
| Merchant bars | 1,290-1,340 | 660-685 | -10/-10 | -5/-5 |
| Beams | 1,510-1,590 | 772-813 | -10/-10 | -5/-5 |
€1 = BGN 1.956
$1 = €0.88