Over the past month, Bulgarian domestic longs prices have mostly declined by BGN 10-40/mt (€5-20/mt) due to sluggish demand. Sources report stock levels are moderate, but demand is sluggish due to the adverse weather conditions.
In the import segment, ex-Turkey rebar and wire rod offers are available at $615-620/mt FOB and $630-635/mt FOB for February shipment, versus $600-610/mt FOB and $620-630/mt FOB last month, respectively. The average freight rate is around $15/mt (€14/mt) from Turkey to Bulgaria.
A few Turkish merchant bar re-rollers were offering at $675-705/mt (€623-650/mt) CFR Bulgaria last week. The price levels were at $696-729/mt (€634-664/mt) CFR Bulgaria last month.
Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT
Product |
Price, CPT |
Monthly change |
||
BGN/mt |
€/mt |
BGN/mt |
€/mt |
|
1,250-1,260 |
639-644 |
0 |
0 |
|
1,270-1,280 |
649-654 |
-10 |
-5 |
|
Merchant bars |
1,430-1,480 |
731-757 |
-20/-40 |
-10/-20 |
1,600-1,670 |
818-854 |
-20/-30 |
-10/-15 |
|
€1 = BGN 1.956
$1 = €0.92
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