Downtrend expected to continue in Bulgarian flat steel market

Thursday, 09 May 2013 13:07:58 (GMT+3)   |   Istanbul
Hot rolled coil (HRC) prices in the local Bulgarian market have recorded a decline of BGN 50/mt ($34/mt) over the past month, while prices will likely drop further in line with the declining trend in the global markets. Demand, meanwhile, has softened due to price erosion and buyers have only been concluding deals according to their needs. 

Bulgarian stockists' HRC offers for S235JR grade of 2 mm thickness are at BGN 970/mt ($651/mt) CPT, excluding VAT, while Turkish offers for 2 mm HRC are at the base level of $590/mt for June-July rolling. In the meantime, ex-CIS HRC base offers are standing at $550/mt CIF, while CIS cold rolled coil (CRC) offers are at $630/mt CIF - both for June production.

$1 = BGN 1.49

Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations. 


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