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Bulgaria's crude steel and finished steel production decreased

According to the Bulgarian Association of Metallurgical Industries (BAMI), Bulgaria's crude steel and finished products production decreased.

Bulgaria's crude steel and finished steel production decreased

Bulgaria's steel industry experienced a decline in Q2 2022, with crude steel output and finished products output both decreasing compared to the previous three months and y-o-y.

Crude steel output reached 133,300 tonnes, down 14.800t compared to January-March and 11.1% weaker compared to the same period last year.

The first-half crude steel production reached 281,400t, down 2.3% over January-June 2022. The finished products output fell by 11,900t to 260,000t, with long steel production at 199,300t, down by 2.2% over the previous quarter and 20% lower y-o-y.

Flat steel output reached 60,700t, while six-month rolled products output totaled 538,900t, a 10.4% fall y-o-y. Bulgaria's April-June steel exports rose by 32,200t to 210,200t, but were 7.2% lower than the 226,400t shipped abroad in Q2 2022. Domestic demand slowed, with Q2 steel sales at 54,700t, a decrease of 28.8% q-o-q and 11.5% on-year.

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