Bulgarian welded pipe market characterized by summer sluggishness

Wednesday, 09 July 2014 17:40:14 (GMT+3)   |  
       

The welded pipe market in Bulgaria remains quiet as business activity has slowed down with the start of the summer holiday period. Bulgarian welded pipe producers have not revised their domestic prices over the past three weeks, while export quotations have softened by a maximum of €10/mt ($10/mt) during this period. Market insiders deem that it is difficult for the market to see any improvement in the short term due to seasonally slack demand and dull market sentiment.

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 ($680-694/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 €490-530/mt ($666-721/mt) ex-works on theoretical weight basis for July production. In particular, export offers of Bulgarian pipes to Germany are at levels of €490-500/mt ($666-680/mt) ex-works, while offers to Poland are at €510-530/mt ($694-721/mt) ex-works. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €520-550/mt ($707-748/mt) ex-works.

$1 = BGN 1.44
€1 = $1.36


Similar articles

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News

US structural pipe and tube imports up 13.6 percent in January

19 Mar | Steel News

US rig count increases while Canadian count drops week-on-week

23 Feb | Steel News

US structural pipe and tube exports down 22.3 percent in December

23 Feb | Steel News

US structural pipe and tube imports up 9.9 percent in December

16 Feb | Steel News

US OCTG imports up 51.8 percent in December

07 Feb | Steel News

US rig count drops while Canadian count rises week-on-week

02 Feb | Steel News

US and Canadian rig counts increase week-on-week

26 Jan | Steel News

US OCTG exports down 8.1 percent in November

26 Jan | Steel News

US structural pipe and tube imports down 7.5 percent in November

23 Jan | Steel News