The Bulgarian longs market has maintained a relatively stable performance this week, as balanced demand conditions and sufficient stock availability have continued to limit significant price fluctuations on both the supplier and trader sides.
Although overall trading activity remains somewhat slow, market participants report that regular purchasing activity has continued, helping the market preserve its current stability. In addition, the absence of fresh import activity has further contributed to the relatively unchanged market environment in Bulgaria. Market sources note that EU-origin material is becoming less preferred due to rising prices in surrounding markets, while offers from non-EU suppliers have become increasingly limited following previous bookings, particularly amid ongoing CBAM-related pressure and reduced quota volumes. Under these conditions, both local producers and traders have largely maintained their previous workable price levels, although traders are still reported to remain open to discounts for larger tonnages.
In the local market, rebar prices from both producers and traders are currently heard at around €640-650/mt CPT, while wire rod prices are reported at around €680-690/mt CPT.
In the import segment, fresh purchasing activity remains very limited, as most buyers are considered to have sufficient stocks from earlier bookings and continue to source material locally whenever needed. In the non-EU import segment, Turkish rebar indications are currently estimated at around $590-605/mt FOB, which, after adding freight costs of around €20-25/mt, would correspond to approximately €525-545/mt CFR Bulgaria. Meanwhile, Egyptian suppliers are estimated to be offering rebar at around $600-610/mt FOB and wire rod at around $620-625/mt FOB. Considering freight costs of around €25-30/mt, these levels would theoretically correspond to approximately €535-550/mt CFR for rebar and €555-565/mt CFR for wire rod. However, despite the relatively attractive theoretical levels, no fresh bookings have been heard recently from either Turkish or Egyptian suppliers.
As regards imports from EU countries, according to sources, Italian origin rebar offers have recently been heard at around €635-645/mt DAP Bulgaria, while Romanian origin rebar indications are estimated at around €660-670/mt delivered Bulgaria, based on current ex-works levels of around €630-640/mt and freight costs estimated at approximately €30/mt. However, these Romanian levels are currently considered to be relatively high for Bulgarian buyers, and no fresh purchases have been heard recently. Meanwhile, Greek wire rod offers have lately been heard at around €650/mt CPT for some small tonnage requirements.
