SteelOrbis has been informed that offers given to
Bulgaria by Ukrainian mill
Zaporizhstal have declined as compared to its offers issued in mid-March. Accordingly, it is reported that
Zaporizhstal is ready to accept a hot rolled coil (
HRC) price for the Bulgarian market at $740/mt CFR Rousse and a cold rolled coil (
CRC) price at $840-850/mt CFR Rousse. In the meantime, another Ukrainian steelmaker
Ilyich Iron and Steel Works of Mariupol (
Ilyich) is offering
HRC to the Bulgarian market at $785-810/mt CFR.
On the other hand, SteelOrbis has further learned that
HRC offers from
Turkey to the Bulgarian market stand in the price range of $785-810/mt CFR.
Stockists indicate that flat steel inventories in the Bulgarian domestic market are still high, while flat steel demand lacks strength.