Polish domestic long steel prices narrowed upward in the week to Friday July 10, despite continued weak demand and limited purchasing.
Trade sources told Fastmarkets that buyers were largely consuming existing inventories rather than placing new orders, citing high rebar prices and a prevailing wait-and-see approach.
Market participants also reported elevated stock levels at mills, with some producers considering production cuts in response to subdued market conditions.
“There is little demand, which is unexpected because we are in the middle of the construction season,” a distributor source told Fastmarkets.
Tradable prices for rebar were reported at 2,700-2,720 zloty ($714-719) per tonne CPT.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland, narrowed upward to 2,700-2,790 zloty per tonne on Friday, from 2,650-2,790 zloty per tonne the previous week.
Wire rod trading remained limited. Tradable prices were reported at 3,000-3,200 zloty per tonne delivered.
Fastmarkets weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, narrowed upward to 3,000-3,200 zloty per tonne on Friday, from 2,920-3,200 zloty per tonne the previous week.
