Trading activity still slow in Bulgarian welded pipe market

Wednesday, 25 March 2015 16:23:01 (GMT+3)   |  
       

Trading activity in the Bulgarian welded pipe market remains slow amid weak demand from end-users. Bulgarian welded pipe producers have not revised their domestic prices over the past two weeks despite slow trading activity, while export quotations have declined by a maximum of €10/mt (up $8-10/mt) against the backdrop of weak demand and an uncertain outlook. The future prospects for the Bulgarian welded pipe market do not look very promising. The construction industry will remain in a depressed condition in Bulgaria and consuming industries in Europe, the main export outlet, will see just a limited growth.

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 930-950/mt ($523-534/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 €460-490/mt ($506-539/mt) ex-works on theoretical weight basis. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €480-520/mt ($528-572/mt) ex-works.

$1 = BGN 1.78
€1 = $1.1


Similar articles

US structural pipe and tube exports down 7.3 percent in September

28 Nov | Steel News

GCC to announce definitive safeguard measures against certain steel imports

10 May | Steel News

Turkish welded pipe producers’ export prices remain stable

07 Aug | Tube and Pipe

Local Turkish welded pipe prices remain stable

02 Aug | Tube and Pipe

Local Chinese steel pipe prices indicate slight fluctuations

01 Aug | Tube and Pipe

Turkish welded pipe producers' export prices remain stable

31 Jul | Tube and Pipe

Chinese steel pipe export offer prices move sideways

31 Jul | Tube and Pipe

Local Chinese steel pipe prices mostly remain stable

25 Jul | Tube and Pipe

Local Turkish welded pipe offers remain stable

12 Jul | Tube and Pipe

Local Chinese steel pipe prices soften slightly or move sideways

11 Jul | Tube and Pipe