According to a distributor source, there are expectations that scrap will be “more expensive in January,” which they say could also drive up prices for long steel products.
However, growth remains limited, with sources saying that demand is still weak.
According to a second distributor source, buyers are already “stocked up” as they anticipate “higher prices” next year with the introduction of new trade rules, including the EU’s Carbon Border Adjustment Mechanism (CBAM).
Over the week to Friday, estimates of workable levels for rebar were heard hovering around 2,400-2,450 zloty ($661-675) per tonne CPT, with an offer heard at 2,450 zloty per tonne CPT.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Poland was 2,400-2,450 zloty per tonne on Friday, narrowing upward from 2,380-2,450 zloty per tonne one week prior.
Meanwhile, wire rod prices remained stable during the week.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 2,600-2,650 zloty per tonne on Friday, unchanged week on week.
