Local Bulgarian longs prices have moved up by BGN 10-80/mt (€5-41/mt) over the past month. The key reasons are higher production costs, specifically higher energy costs the in European Union. However, the weak demand is slowing down trading activity, amid the impact of the winter season on the construction sector.
In the import segment, ex-Turkey rebar offer are standing at $700/mt FOB for ready cargoes and for cargoes to be shipped at the end of February, while ex-Turkey wire rod export prices are available at $785-795/mt FOB for mid-March shipment.
In addition, ex-Turkey merchant bar offers are available at $770-775 (€662-676/mt) FOB for end-of-March shipment, while a few re-rollers are quoting the same product at €670-700/mt ex-works, which is around €700-730/mt CIF Bulgaria, SteelOrbis estimates. Moreover, ex-Poland and ex-Czech Republic merchant bar offers are available at €990/mt and €965/mt CPT Bulgaria respectively. According to sources, some local stockists are applying aggressive pricing policies and even quoting BGN 1,500-1530/mt (€767-782/mt) CPT to generate sales and compete with the European import offers.
Ex-Turkey beam offers are standing at €715-850/mt CIF depending on the product and size. Moreover, ex-Romania beam offers are available at €1,000-1,010/mt CPT, while ex-Italy beam offers are standing at €1,010/mt CIF. All beam offers are for February-March shipment.
Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT
|
Product |
Price, CPT |
Monthly change |
||
|
BGN/mt |
€/mt |
BGN/mt |
€/mt |
|
|
1,470-1,490 |
752-762 |
+10-20 |
+5-10 |
|
|
1,520-1,550 |
777-792 |
+20 |
+10 |
|
|
Merchant bars |
1,550-1,600 |
792-818 |
+20-50 |
+10-26 |
|
1,950-2,050 |
997-1,048 |
+30-80 |
+15-41 |
|
€1 = BGN 1.956