Polish domestic rebar prices narrowed upward in the week to Friday September 25, amid high production costs and slow demand.
“Demand remains weak,” a distributor source told Fastmarkets.
Market participants said mills were targeting higher prices due to rising oil and energy costs. Some mills adjusted their working hours in response to elevated energy prices.
Deals for domestic rebar were heard at 2,750-2,800 zloty ($724-737) per tonne, with offers and workable levels also heard within that range.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, CPT Poland, rose to 2,750-2,800 zloty per tonne on Friday, up from 2,740-2,800 zloty per tonne the previous week.
In the wire rod segment, indications were heard at 3,150 zloty per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, remained unchanged at 2,900-3,150 zloty per tonne on Friday.
