Soft trend in Bulgarian long steel market

Prices in the Bulgarian long steel market have moved on a downtrend over the past month, while market sources believe that buyers' low-volume transactions just in line with their needs and the lack of improvement on the demand side have caused this decline.
 
Meanwhile, Turkish rebar offers are now standing at $560/mt FOB for late June-early July shipments, decreasing by $25-30/mt as compared to last month's levels. In addition, Turkish mills are offering wire rod to Bulgaria at $565/mt FOB, indicating a decrease of $25/mt over the same period, while their angle offers to Bulgaria have decreased by $20/mt to $615/mt FOB. Sources state that demand for Turkish offers is moderate and equal angle offers at $620/mt CFR are acceptable in the market. 
 
Currently, long steel prices in the Bulgarian domestic market are as follows:
 

	Price (BGN/mt)	Price ($/mt)	Prices changes month on month (BGN/mt)
Rebar	915-925	618-625	-25, -30
Wire rod	945-955	639-645	-15
Equal angle	1,050-1070	709-723	-50, -70
Flat bar	1,070-1080	723-730	-30, -50

All prices are for deliveries to customer and exclude VAT.
 
$1 = BGN 1.48