Trading activity in the Bulgarian welded pipe market has been relatively scarce over the past two weeks on account of the holiday season. Nevertheless, Bulgarian welded pipe makers producers have raised their export prices by €10/mt over the past fortnight citing an upward trend in feedstock prices, while domestic offers have increased by BGN 20-30/mt ($12-18/mt). Meanwhile, domestic demand has remained weak amid the inactivity of consuming industries, while export demand is expected to strengthen in the coming period and may support further increases in Bulgarian welded pipe quotations.
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 1,050-1,080/mt ($737-758/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 €500-530/mt ($689-731/mt) ex-works on theoretical weight basis for January production. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €520-550/mt ($717-758/mt) ex-works.
$1 = BGN 1.42
€1 = $1.38