The local Bulgarian welded pipe market has not seen any substantial changes over the past two weeks as local buyers are extremely reluctant to book any important orders. At the same time, demand for Bulgarian welded pipes from foreign consumers remains rather firm. As a result, Bulgarian producers have managed to keep their export quotations stable despite lower prices for coils. Meanwhile, a downward correction is expected in the coming period due to lower substrate costs and expected slower buying activity.
Current offers of locally produced welded pipes and hollow sections of 2-5 mm wall thickness made from S235JR grade hot rolled coil (HRC) according to EN 10219 are being given to the Bulgarian domestic market at around BGN 980-1,000/mt ($632-645/mt) ex-works, exclusive of 20 percent VAT and on theoretical weight basis.
Export quotations of Bulgarian ERW pipes and hollow sections of 2-5 mm wall thickness made from S235JR grade HRC as per EN 10219 are at levels of €480-530/mt ($605-668/mt) ex-works on theoretical weight basis.
In particular, export offers of Bulgarian pipes to Germany are at levels of €480-500/mt ($605-630/mt) ex-works, while offers to Poland and Hungary are at €510-530/mt ($643-668/mt) ex-works. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €500-550/mt ($630-693/mt) ex-works.
$1 = BGN 1.55
€1 = $1.26