Over the past month, Bulgarian domestic rebar prices have fallen by BGN 10/mt (€5/mt) against the backdrop of sluggish demand and since some stockists are willing to give bigger discounts in view of the depressed market conditions. In addition, wire rod and beam prices have risen by BGN 10-30/mt (€5-15/mt) due to relatively better demand. Moreover, merchant bar prices have remained stable. "Prices have remained rather similar. The market is flat with limited demand," a source mentioned.
Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT
Product |
Price, CPT |
Monthly change |
||
BGN/mt |
€/mt |
BGN/mt |
€/mt |
|
1,170-1,200 |
598-613 |
-10/0 |
-5/0 |
|
1,220-1,250 |
624-639 |
0/+10 |
0/+5 |
|
Merchant bars |
1,370-1,450 |
700-741 |
0 |
0 |
1,600-1,640 |
818-838 |
0/+30 |
0/+15 |
|
Turkish rebar and wire rod export offers to Bulgaria for June and early July shipments have decreased by $5-10/mt over the past month to $575-585/mt FOB and $595-605/mt FOB, respectively. The average freight rate from Turkey to Bulgaria stands at around $20/mt (€18/mt). Currently, Turkish merchant bar offers are available at around $650-673/mt (€600-620/mt) CFR Bulgaria, versus $660-690/mt (€620-650/mt) CFR Bulgaria a month ago. Finally, ex-Turkey beam offers are rumored at €710-850/mt ($755-904/mt) CFR Bulgaria depending on the size, SteelOrbis has heard. Moreover, ex-Turkey beam prices are available at $734-770/mt (€680-710/mt) CFR Bulgaria for small sizes, versus $755-904/mt (€710-850/mt), depending on the size, including bigger sizes, last month.
In addition, according to sources, ex-Poland merchant bar offers have remained unchanged at €700/mt CPT, while beam prices are at €720-790/mt CPT, versus €730-750/mt CPT a month earlier. Ex-Spain beam offers are at €720-750/mt CIF, up by €10/mt on the higher end.
€1 = BGN 1.956
$1 = €0.92