Turkish rebar export offers for Bulgaria soften as expected

Prices have remained stable since last week in the Bulgarian long steel market, where demand is at moderate levels.
 
Meanwhile, Turkish rebar offers for Bulgaria, which were at $615/mt CFR and were considered to be on the high side last week, are now standing at $605-610/mt CFR for late May shipments, softening by $5-10/mt as compared to last week. However, no transactions have been concluded so far at this price level, though negotiations will likely take place in the market and some deals will likely be concluded.
 
Currently, long steel prices in the Bulgarian domestic market are as follows:
 
   

	Price (BGN/mt)	Price ($/mt)
Rebar	940-950	627-633
Wire rod	960-970	640-647
Equal angle	1,100-1,120	733-747
Flat bar	1,100-1,150	733-767
IPE	1,150-1,250	767-833
UPN	1,150-1,250	767-833

All prices are for deliveries to customer and exclude VAT.
 
$1 = BGN 1.50