Polish domestic long steel prices remained stable in the week to Friday August 14 amid weak demand, thin liquidity and low buying appetite, with the summer slowdown continuing to curb trading activity.
No new transactions were heard during the assessment week as market participants continued to adopt a wait-and-see approach.
“Demand is still weak,” a distributor source told Fastmarkets.
In the rebar segment, workable levels were heard at 2,650-2,680 zloty ($709-717) per tonne CPT.
Offers were heard at 2,650 zloty per tonne CPT. Higher indicative offers were also heard; however, those levels were not supported by transactional activity.
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.
Trading activity in the wire rod segment also remained limited during the assessment week, with workable levels heard at 2,990-3,100 zloty per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 2,990-3,100 zloty per tonne on Friday, unchanged week on week.
