Official offer prices from two local producers were heard during the assessment week at 2,750-2,800 zloty ($692-705) per tonne CPT. This is roughly equivalent to 2,700-2,770 zloty per tonne EXW, and compares with 2,650 zloty per tonne CPT in mid-June.
Transaction prices, however, were still reported at lower levels – around 2,700-2,720 zloty per tonne CPT (2,650-2,690 zloty per tonne EXW).
Sources reported a slight uptick in apparent steel demand in July, related to limited restocking, but traded volumes remained limited in general.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland was 2,650-2,700 zloty per tonne on Friday, unchanged since June 30.
In the secondary market, rebar prices were reported at 2,760-2,800 zloty per tonne CPT, compared with 2,750-2,760 zloty per tonne CPT in the preceding week.
Sources expect domestic rebar prices in the nation to stabilize in July, despite mills’ attempts to raise prices.
“Demand from construction is not strong enough to back any rises. Any revival of demand can happen no earlier than at the end of Q3 or Q4 2023, when Poland can, in theory, get access to EU funds,” a trading source said.
Import rebar offers to Poland were also flat week on week.
Rebar offers from Hungary and Germany were heard at €610-615 per tonne CPT Poland during the assessment week.
At the same time, Italian producers were aiming for €610-620 per tonne CPT.
Most import suppliers could offer lead times of 2-3 weeks to Poland, sources said, because they were selling from stock.
Published by: Julia Bolotova