Polish domestic rebar prices edged higher in the week to Friday May 15, with mills continuing to push for increases, while wire rod prices remained steady on reduced buyer appetites.
Rebar transactions were reported at 2,850 zloty ($785.33) per tonne CPT, sources said, with larger buyers securing shipments at the lower end of the range.
Mill offers mostly came in at 2,850-2,900 zloty per tonne CPT, with some pushing for 2,950-3,000 zloty per tonne CPT, but there was only limited acceptance of those levels, according to market participants.
“Demand is OK, but not booming,” a distributor source told Fastmarkets.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Poland was 2,850-2,900 zloty per tonne on Friday, narrowing up from 2,800-2,900 zloty per tonne on May 8.
In contrast, there were no significant moves in wire rod prices in the week to May 15, with transactions coming in at around 3,050 zloty per tonne delivered, sources said.
Tradable price indications came in at 3,000-3,100 zloty per tonne delivered Poland, the sources added.
“The situation is the same as the previous week,” a second distributor source told Fastmarkets, with weak, but stable, demand supporting prices.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was unchanged at 3,000-3,050 zloty per tonne on Friday.
