The domestic longs demand in Bulgaria has been moderate, while the prices have rebounded this week, following a drop seen earlier in July. However, the price increase is attributed rather to stronger scrap prices locally and internationally, than to improved business activity. Still, if compared to mid-June, the local longs prices in Bulgaria indicated a sharp fall.
In particular, Bulgaria’s rebar prices dropped last week to as low as BGN 1,500/mt (€767/mt) CPT, but then rebounded to BGN 1,550-1,570/mt or €792-803/mt, both on the CPT basis. Still, over the month rebar offers fell by €26-41/mt (BGN 50-80/mt).
In the import segment, the number of offers has been scarce mainly due to the low business activity and the quota situation.
Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT
|
Product |
Price, CPT |
Monthly change |
||
|
BGN/mt |
€/mt |
BGN/mt |
€/mt |
|
|
1,550-1,570 |
792-803 |
- 50-80 |
- 26-41 |
|
|
1,600-1,620 |
818-828 |
- 100 |
- 51 |
|
|
Merchant bars |
1,880-1,950 |
961-997 |
- 150-170 |
- 77-87 |
|
2,400-2,480 |
1,227-1,268 |
- 100-120 |
- 51-61 |
|
€1 = BGN 1.956