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.