Over the past month, Bulgarian domestic longs prices have mostly fallen by BGN 10-30/mt (€5-15/mt) amid the ongoing currency fluctuations and sluggish demand.
Regarding exports, “The traders don't have any quota concerns, as the material has already been cleared. A few local traders are negotiating for the next quota round which will begin on April 1,” a source told SteelOrbis.
In the import segment, North African rebar and wire rod prices are standing at around $590-600/mt (€565-575/mt) CFR Bulgaria, with freight of around $30-35/mt (€29-33/mt), SteelOrbis has heard.
Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT
| Product | Price, CPT | Monthly change | ||
| BGN/mt | €/mt | BGN/mt | €/mt | |
| Rebar | 1,200-1,210 | 613-619 | 0/-10 | 0/-5 |
| Wire rod | 1,220-1,240 | 624-634 | -10/-10 | -5/-5 |
| Merchant bars | 1,320-1,370 | 675-700 | -10/-30 | -5/-15 |
| Beams | 1,440-1,580 | 736-808 | -20/-20 | -10/-10 |
Turkish rebar and wire rod export offers to Bulgaria for March-early April shipments are available at $580-585/mt CFR (€555-560/mt, down by $10/mt on the higher end, and $590-595/mt (€564-568/mt), also falling by $10/mt on the higher end CFR Bulgaria, with the freight rate from Turkey to Bulgaria estimated at around $15-20/mt (€14-19/mt).
€1 = BGN 1.956
$1 = €0.95