Meanwhile, following the price decreases applied by local rebar producers in Bulgaria, stockists' rebar offers have also softened in this market. Rebar offers given by stockists have declined to the range of BGN 630-640/mt ($448-455/mt) ex-warehouse and delivered to customer, excluding VAT, on actual weight basis. These offers may show variation depending on delivery date. Rebar demand in general is still at low levels in Bulgaria.
On the other hand, fluctuations observed in the rebar prices in the Bulgarian domestic market have not been reflected in local merchant bar prices. Stockists' merchant bar offer levels are still around BGN 800/mt ($570/mt) ex-warehouse and delivered to customer, on actual weight basis and for 30-day deferred payment. Merchant bar demand in the local market has been continuing its weak trend.
US$1 = BGN 1.40705