Slow construction activity impacts demand in Bulgarian welded pipe market

Wednesday, 12 November 2014 15:19:14 (GMT+3)   |  
       

Demand for Bulgarian welded pipes from both local and foreign buyers remains slack and prices have slid down. Over the past two weeks, domestic prices for Bulgarian welded pipes have decreased by a maximum of BGN 30/mt ($19/mt), while export prices have moved down by a maximum of €20/mt ($25/mt). However, demand for welded pipes in the Bulgarian market remains quite slow amid weak business activity in the construction sector. Foreign buyers have also become very cautious about making new purchases due to the current downtrend and prefer to wait for a clearer situation in the market. Up to the end of the current year, the Bulgarian welded pipe market will likely continue to follow a soft trend.

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 950-1,000/mt ($605-637/mt) ex-works, exclusive of 20 percent VAT and on theoretical 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 €480-510/mt ($560-636/mt) ex-works on theoretical weight basis.

In particular, export offers of Bulgarian pipes to Germany are at levels of €480-500/mt ($605-625/mt) ex-works, while offers to Poland and Hungary are at €490-510/mt ($612-638/mt) ex-works. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €500-530/mt ($625-663/mt) ex-works.

$1 = BGN 1.57

€1 = $1.25


Similar articles

US structural pipe and tube exports down 7.3 percent in September

28 Nov | Steel News

GCC to announce definitive safeguard measures against certain steel imports

10 May | Steel News

Turkish welded pipe producers’ export prices remain stable

07 Aug | Tube and Pipe

Local Turkish welded pipe prices remain stable

02 Aug | Tube and Pipe

Local Chinese steel pipe prices indicate slight fluctuations

01 Aug | Tube and Pipe

Turkish welded pipe producers' export prices remain stable

31 Jul | Tube and Pipe

Chinese steel pipe export offer prices move sideways

31 Jul | Tube and Pipe

Local Chinese steel pipe prices mostly remain stable

25 Jul | Tube and Pipe

Local Turkish welded pipe offers remain stable

12 Jul | Tube and Pipe

Local Chinese steel pipe prices soften slightly or move sideways

11 Jul | Tube and Pipe