Polish domestic long steel prices showed mixed trends in the week to Friday July 24, with rebar prices adjusting downward while wire rod levels remained stable amid weak demand, low buying appetite and subdued trading activity.
“The market is stagnant; it’s the holiday season,” a distributor source told Fastmarkets.
Buyers largely maintained a wait-and-see approach, while liquidity remained thin and transactions were limited.
In the rebar segment, workable levels were reported at 2,650-2,700 zloty ($697-710) per tonne CPT.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland, narrowed downward to 2,650-2,700 zloty per tonne on Friday, from 2,680-2,800 zloty per tonne a week earlier.
Wire rod trading activity remained limited during the assessment week. Market participants reported tradable levels at 3,000-3,100 zloty per tonne delivered, with offers heard at those levels.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, remained unchanged at 3,000-3,100 zloty per tonne on Friday.
