The Bulgarian long position market remained calm this week, with prices unchanged, while trading activity remained limited.

Demand is still very low, stocks are plentiful, and liquidity problems remain a key obstacle to new purchases. In addition to these already weak market conditions, the new EU quota regime has made buyers and sellers even more cautious as market participants now await an assessment of how this might affect the cost of imports. Sources say that the market needs more time to fully assess the impact of the new quota system, especially amid concerns that possible additional duties and taxes could eventually raise final costs for end users.

"There have been no recent changes in our market. Prices have not changed, and demand remains very low. It takes some time for the market to assess the impact of the new quotas. We are concerned that the new quotas may lead to significant additional duties and taxes, which will eventually fall on the shoulders of the end customer and lead to higher prices. Europe is becoming more and more uncompetitive," a Bulgarian market source told SteelOrbis.

In the domestic market, the quotations of Bulgarian long positions remain stable week after week. Prices for rebar in Bulgaria are still at the level of 625-635 euros per ton excluding VAT, while prices for wire rod in Bulgaria have not changed and amount to approximately 670-690 euros per ton excluding VAT.

There were no reports of new orders in the import segment this week. Turkish rebar offers are currently at $570-580 per tonne FOB, compared to $580-590 per tonne FOB last week, which corresponds to about 525-530 euros per tonne CFR in Bulgaria. The rebar supply in Egypt is estimated at about 580-600 dollars per ton on FOB terms, unchanged week after week, while the CFR in Bulgaria is still about 530-555 euros per ton. The Egyptian wire rod is offered at a price of 600-620 dollars per ton FOB, compared to 600-610 dollars per ton FOB last week, which is approximately 550-570 euros per ton in Bulgaria.

As for materials of European origin, no new proposals for Italian fittings have yet been received. This became known this week, while the last known figure was around 655 euros per ton in Bulgaria. There were also no offers from Romania, although the previous figures were around 650-660 euros per ton. Sources note that the recent improvement in sentiment in Romania may contribute to

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