Business activity has been dull in the Bulgarian market for welded pipes over the past two weeks, while both domestic and export prices are unchanged. However, the majority of local and foreign buyers are hesitant about purchasing in the current unfavorable market conditions. Meanwhile, Bulgarian producers believe prices are at their lowest level now and that no further decline is likely in the next two weeks, although demand is expected to remain poor.
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 €560-570/mt ($688-700/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 the level of €500-520/mt ($615-640/mt) ex-works on theoretical weight basis for July-August production. Offers of similar Bulgarian pipes with wall thickness of 1.5 mm made from HRC as per EN 10219 are at around €530-550/mt ($650-675/mt) ex-works for July-August rolling. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €520-540/mt ($640-664/mt) ex-works.
€1 = $1.229