Bulgarian flat steel market trends down

Friday, 14 June 2013 17:52:29 (GMT+3)   |   Istanbul
Hot rolled coil (HRC) prices in the local Bulgarian market have recorded a decline of a BGN 10/mt ($7/mt) over the past month, while demand has remained on the weak side and buyers are concluding deals just in line with their needs. Meanwhile, import offers for the country have declined by $20-40/mt over the same period.

Bulgarian stockists' offers for S235JR grade HRC of 2 mm thickness are at BGN 960/mt ($653/mt) CPT, excluding VAT, while DC01 cold rolled coil (CRC) offers of stockists stand at BGN 1,140/mt ($776/mt) CPT.

In the meantime, Turkish offers for 2 mm HRC are at the base level of $550/mt for August shipment, while Ukrainian mills' HRC base offers are standing at $530/mt CIF for August deliveries.

$1 = BGN 1.47


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