Increase in Bulgaria's welded pipe prices

Wednesday, 20 May 2015 15:40:24 (GMT+3)   |  
       

The welded pipe market in Bulgaria has started to show signs of a recovery of activity on the back of warmer weather conditions. Domestic prices of Bulgarian welded pipes have increased by BGN 40-50/mt ($20-26/mt) over the past two weeks. Export quotations of Bulgarian welded pipes have increased by a maximum of €10/mt ($11/mt) on the back of firmer demand from European customers. It seems that due to steady buying activity Bulgarian pipe producers will continue to test the market for improvements and may try to raise quotations in the coming weeks.

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 940-980/mt ($480-500/mt) ex-works, exclusive of 20 percent VAT and on actual 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 €450-480/mt ($500-533/mt) FCA on theoretical weight basis. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €480-510/mt ($528-566/mt) FCA.

$1 = BGN 1.96
€1 = $1.11
 


Similar articles

Local Chinese steel pipe prices mostly decline

28 Mar | Tube and Pipe

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

Chinese steel pipe export offer prices edge down slightly

27 Mar | Tube and Pipe

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

US HSS prices revise downward yet again due to soft HRC prices

25 Mar | Tube and Pipe

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News