Over the past month, domestic prices for long metals in Bulgaria have decreased by BGN 10 per ton (EUR 5 per ton) amid sluggish demand in the summer season. The overall demand outlook in Bulgaria is still negative, and several Bulgarian buyers are sending inquiries to Turkey to take advantage of the euro/dollar parity.
In the import segment, offers for the export of Turkish rebar and wire rod to Bulgaria for August -early September, respectively, are available at a price of 555-565 dollars per ton, which is 5 dollars more than per ton, and 565-575 dollars per ton, which is 10 dollars more than in the last month, while the cost of transportation from The cost of Turkey to Bulgaria is estimated at about 15-20 dollars per ton. Sources report that the supply of fittings from Romania to Bulgaria currently amounts to about 605-615 euros per ton, excluding VAT. The price level for Romanian rebar seems to be a bit too high in the current market conditions.
Steelorbis.com
