Polish domestic rebar prices declined in the week to Friday June 5, while wire rod prices remained stable amid weak demand due to bank holidays and high prices.
“The week to June 5 was very slow because 80% of companies are closed on Friday due to the bank holiday”, a trader source told Fastmarkets.
Rebar transactions were reported at 2800-2900 zloty ($767.13-794.53) per tonne CPT, sources said, with larger buyers securing shipments at the lower end of the range.
Mill offers were heard at around 2,850-2900 zloty per tonne CPT.
Tradable levels were reported at 2,800-2,900 zloty per tonne CPT, according to market participants.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Poland was 2,800-2,900 zloty per tonne on Friday, down by 30-50 zloty per tonne from 2,830-2,950 zloty per tonne on May 29.
Wire rod prices remained unchanged over the same period, with tradable price indications reported at around 3,000-3,100 zloty per tonne delivered Poland.
“Wire rod segment in Poland is generally stable,” a seller source told Fastmarkets.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 3,000-3,050 zloty per tonne on Friday, unchanged from a week earlier.
