Steel rebar and wire rod prices in Poland were unchanged in the week to Friday 20 June, with sources linking the quietness of the market to the seasonal slowdown.
“I see inactivity in the market because of the [summer] season, plus there was a holiday in Poland,” a seller source said.
A distributor source also attributed the period of inactivity to the “lack of new [construction] projects” and the “oversupply” of products from both Polish and international mills.
In the week to Friday, Polish mills were heard offering wire rod at around 2,700-2,800 zloty ($724-751) per tonne CPT, compared with 2,750-2,800 zloty per tonne during the previous week.
In addition, most market participants said the tradable level for wire rod was around 2,700-2800 zloty per tonne CPT.
Fastmarkets’ price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 2,700-2,800 zloty per tonne on Friday, unchanged week on week.
Some import prices from Ukraine were heard at €570 ($654), DAP border.
And prices for Polish domestic rebar were also steady in the week to Friday, sources told Fastmarkets.
Market participants indicated that the tradable level for rebar was 2,500 zloty per tonne on Friday, compared with around 2,500-2,560 zloty per tonne during the previous assessment period.
Bids were also heard at 2,500 zloty per tonne CPT.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland was 2,500-2,560 zloty per tonne on Friday, also unchanged week on week.
