Low consumer confidence affects Bulgarian welded pipe market

Wednesday, 02 April 2014 13:44:42 (GMT+3)   |  
       

Market conditions in the welded pipe sector in Bulgaria have remained unfavorable due to low consumer confidence levels. In such conditions, Bulgarian suppliers have left their offers unchanged at the levels of two weeks ago. The likely price trend of the Bulgarian welded pipe market in the coming period remains unclear due to the uncertainty surrounding quotations for flat steel products and relatively weak end-user demand across most EU countries.
 
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 1,020-1,030/mt ($718-725/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 €470-490/mt ($648-676/mt) ex-works on theoretical weight basis for April production. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €490-510/mt ($676-704/mt) ex-works.
 
$1 = BGN 1.42
€1 = $1.38

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