Rebar
Official offers from Polish mills for March-production rebar were heard at 2,700 zloty ($699) per tonne CPT, according to sources.
One producer source told Fastmarkets they could drop the target level to 2,650 zloty per tonne CPT in some cases, citing this as the lowest level they would accept due to high production costs and rising scrap prices in the Polish market.
But some transactions were reported at 2,620-2,630 zloty per tonne CPT during the assessment week, Fastmarkets understands.
Buyer estimations for the tradeable market level were at 2,620-2,650 zloty per tonne CPT.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland was 2,620-2,650 zloty per tonne on Friday, down by 20-30 zloty per tonne from 2,650-2,670 zloty per tonne on February 28.
Prices for rebar in the Polish secondary market were heard at 2,650-2,700 zloty per tonne CPT.
One distributor source told Fastmarkets that demand for rebar remained comparatively weak and although slightly better compared with the last weeks of February.
“Only the nice weather is helping for now,” the source added.
Regarding imports, one Ukrainian supplier was heard to have stopped offering rebar to Poland due to some mill repairs.
Wire rod
Polish mills were heard offering March-production low-carbon drawing quality wire rod at 2,800-2,900 zloty per tonne CPT, sources told Fastmarkets.
No fresh transactions were heard during the assessment week.
A second distributor source told Fastmarkets that trading had improved slightly compared with the end of last year.
Fastmarkets sources estimated the workable market level at 2,750-2,850 zloty per tonne CPT, with the lower end of the price range considered tradeable for relatively big volumes of around 300 tonnes.
Fastmarkets’ price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 2,750 -2,850 zloty per tonne on Friday, widening downward by 50 zloty per tonne from 2,800-2,850 zloty per tonne on February 28.
Local producers were heard offering mesh-grade wire rod at 2,680-2,700 zloty per tonne CPT, Fastmarkets understands.
In terms of imports, Ukraine was offering mesh-grade wire rod to Poland at €590 ($637) per tonne delivered on the border.
Italy was heard offering low-carbon drawing quality wire rod to Poland at €655-680 per tonne delivered, depending on the destination.
Some offers of low-carbon drawing quality wire rod from the Czech Republic to Poland were heard at €680-700 per tonne delivered.
