According to a producer source, current prices were “unsustainable” and must start to rise, alleging that prices have “bottomed out.”
“Demand is still average,” a distributor source said, adding that the market was “waiting to see” whether mills woold decrease prices in October.
Over the week, offers of domestic rebar were heard at 2,440-2,450 zloty ($669-671) per tonne CPT, compared with 2,400-2,450 zloty per tonne CPT during the previous week.
But other market sources estimated workable prices to be around 2,420-2,430 zloty per tonne CPT this week.
As a result, Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland, was 2,420-2,450 zloty per tonne on Friday, narrowing upward from 2,400-2,450 zloty per tonne the previous week.
Meanwhile, the market for wire rod remained quiet this week.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 2,580-2,650 zloty per tonne on Friday, unchanged week on week.
