Polish domestic wire rod prices widened downward in the week to Friday September 4 amid weak demand, limited buying activity and growing cost pressures.
Market participants described demand as “very poor” amid increasing costs for fuel, energy and transportation.
Indications for wire rod were heard at 3,100 zloty ($717) per tonne delivered, while lower indications were also heard at 2,900-3,000 zloty per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, widened downward to 2,900-3,100 zloty per tonne on Friday, from 2,990-3,100 zloty per tonne the previous week.
In the rebar segment, no new offers or transactions were heard during the assessment week.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, CPT Poland, was 2,650-2,680 zloty per tonne on Friday, unchanged week on week.
