Polish domestic long steel prices remained mostly flat in the week to Friday August 21 as the market remained quiet following the recent seasonal slowdown during the summer months, Fastmarkets heard.
“Everything is slow with no demand, nothing is happening right now,” a source said.
During the week, offers for drawing-quality wire rod were reported within the range of 3,000-3,100 zloty ($811-838) per tonne, delivered, with no reports of trading activity heard from the market.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 3,000-3,100 zloty per tonne on Friday, narrowed upward from 2,990-3,100 zloty per tonne the previous week.
Meanwhile, for domestic rebar, prices remained stable.
“Nothing has changed recently, demand for rebars is very low and we don’t see any extra activity before September,” another Polish source said.
Mills’ offers were heard at 2,650 zloty per tonne CPT, while estimates of tradable levels were reported at around 2,650-2,680 zloty per tonne CPT.
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.
