Local Bulgarian long steel prices have increased in line with the positive sentiment in the import scrap segment.
Currently, domestic rebar prices in Bulgaria are at BGN 1,060-1,080/mt (€542-552/mt) CPT. The price range is valid for local traders’ offers either from stocks or for January deliveries.
In the wire rod segment, Bulgaria’s domestic prices have settled at BGN 1,110-1,130 (€568-578/mt) CPT. Local Bulgarian rebar and wire rod prices have indicated a BGN 40-50/mt (€20-26/mt) increase compared to December 11.
The price range for merchant bars is now at BGN 1,170-1,200 (€598-614/mt) CPT, with local Bulgarian merchant bar prices indicating a BGN 50-70/mt (€26-36/mt) rise over the same period.
In the import segment, by the end of last week European re-rollers were offering merchant bar to Bulgaria at €600/mt CFR while, ex-Turkey merchant bar offer was available at €560-570/mt CFR or €550-560/mt FOB for end-of-March shipment, SteelOrbis has learned.
€1 = BGN 1.955