Bulgarian welded pipe market to see slower demand during summer

The situation in the Bulgarian welded pipe market has not changed much over the past two weeks. Demand from domestic buyers remains rather slack, while the purchasing activity of overseas buyers has been firm. Domestic prices of Bulgarian welded pipes have moved down by around BGN 10/mt ($5-6/mt) over the past two weeks, while export quotations of Bulgarian welded pipes have decreased by a maximum of €10/mt over the same period. Demand for Bulgarian welded pipes from both local and foreign buyers is expected to slow down ahead of the summer holiday season, while prices may move sideways.
 
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 ($538-549/mt) ex-works, exclusive of 20 percent VAT and on actual 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 €440-450/mt ($497-509/mt) FCA on theoretical weight basis. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €470-480/mt ($531-542/mt) FCA.
 
€1= $1.13
$1= BGN 1.76