Ex-Ukraine and Turkey flat steel offers to Bulgaria

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.