Domestic prices in Poland for steel rebar and wire rod remained flat in the week to Friday January 9 due to low levels of activity with market participants still coming back to the market following the year-end holidays, Fastmarkets heard.
According to trade sources, the market had not fully restarted after the break, with more movement expected in the next few days.
For drawing quality wire rod, estimates of workable prices were heard at 2,600-2,650 zloty ($721-735) per tonne CPT during the assessment period.
Meanwhile, the latest offers were heard around 2,650 zloty per tonne CPT before Christmas.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 2,600-2,650 zloty per tonne on Friday, unchanged since late November.
Rebar prices were also unchanged in the week to Friday, with the market still thin after the holidays and due to low demand during the winter months, according to trade sources.
One market source reported selling 100 tonnes of rebar at 2,430 zloty per tonne CPT during the assessment period, while also reporting offers heard around 2,420 zloty per tonne CPT.
But due to low liquidity in the market following the holidays, and with most market participants remaining on the sidelines during the assessment week, Fastmarkets’ assessment was unchanged.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland, was 2,400-2,450 zloty per tonne on Friday, unchanged for a month.
