Sources said sentiment was bearish, with demand mirroring the broader trend in European long steel, with buyer resistance to higher prices contributing to the downturn.
“This week we have seen sharp price decreases from the mills,” a distributor source told Fastmarkets.
Rebar offers were reported to Fastmarkets at 2,700-2,750 zloty ($716-729) per tonne CPT, while the tradable level was around 2,760-2,820 zloty per tonne CPT, according to market participants.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Poland was 2,700-2,820 zloty per tonne on Friday, down 3.16% from 2,800-2,900 zloty per tonne.
Wire rod prices also declined over the same period.
Offers were reported at 3,190 zloty per tonne delivered, while the tradable level was said to be around 2,980-3,050 zloty per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 2,980-3,190 zloty per tonne on Friday, down from 3,000-3,200 zloty on June 19.
Author: Nia Radenkova
