Poland’s domestic long steel prices showed mixed trends in the week to Friday July 17, with wire rod prices narrowing downward while rebar prices widened slightly amid weak demand, subdued trading activity and a prevailing wait-and-see attitude among market participants.
Sources reported thin liquidity and limited transactions throughout the week, with the summer slowdown continuing to dampen market activity.
“Demand for long steel in Poland is very weak,” a trader source told Fastmarkets.
In the rebar market, tradable levels were reported at 2,680-2,750 zloty ($709-728) per tonne CPT.
Offers were heard at 2,800-2,850 zloty per tonne CPT, but no transactions were reported at the upper end of the range.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland widened to 2,680-2,800 zloty per tonne on Friday from 2,700-2,790 zloty per tonne the previous week.
In the wire rod segment, market participants reported tradable levels at 3,000-3,100 zloty per tonne delivered.
Offers were heard at 3,010-3,100 zloty per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland narrowed downward to 3,000-3,100 zloty per tonne on Friday from 3,000-3,200 zloty per tonne the previous week.
