The welded pipe market in Bulgaria has started to show signs of a recovery of activity on the back of warmer weather conditions. Domestic prices of Bulgarian welded pipes have increased by BGN 40-50/mt ($20-26/mt) over the past two weeks. Export quotations of Bulgarian welded pipes have increased by a maximum of €10/mt ($11/mt) on the back of firmer demand from European customers. It seems that due to steady buying activity Bulgarian pipe producers will continue to test the market for improvements and may try to raise quotations in the coming weeks.
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 940-980/mt ($480-500/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 €450-480/mt ($500-533/mt) FCA on theoretical weight basis. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €480-510/mt ($528-566/mt) FCA.
$1 = BGN 1.96
€1 = $1.11