Welded pipe trade remains sluggish in Bulgaria

There have been no major changes in the Bulgarian welded pipe market over the past two weeks in a context of still slow buying activity, and prices of Bulgarian welded pipes have stayed largely unchanged. However, most market players prefer to remain on the sidelines until the market situation becomes clearer. Meanwhile, market participants hope for better market conditions in spring amid the seasonal demand revival, though the anticipated recovery is likely to be very slow.
 
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 1,020-1,030/mt ($717-723/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 €480-500/mt ($657-685/mt) ex-works on theoretical weight basis for March production. Export quotations of Bulgarian water and gas pipes according to EN 10255 are at €500-520/mt ($685-712/mt) ex-works.
 
$1 = BGN 1.423
€1 = $1.37