“Producers are trying to push prices higher due to increased energy and gas costs. However, the market remains flat, and buyers are currently waiting to see how the situation develops,” a distributor source told Fastmarkets.
Market participants described demand as subdued, with buyers maintaining a wait-and-see approach despite producers’ attempts to increase prices in response to higher production costs.
In the wire rod segment, indications were heard at 2,900-3,100 zloty ($780-834) per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, remained unchanged at 2,900-3,100 zloty per tonne on Friday.
In the rebar segment, limited indications and offers were heard, although no transactional activity was reported to support those levels.
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.
Author: Nia Radenkova
