Long steel prices have been increasing across Europe due to higher costs for energy and transportation, although the latest round of higher offers had yet to be absorbed by the market, with activity slowing before the holiday.
Meanwhile, Polish mills were not yet fully booked, according to trade sources.
Over the week, sources reported deals for rebar at 2,700 zloty ($729) per tonne CPT, with no indications of sales below that level.
Deals for lower tonnages were reported within the range of 2,750-2,780 zloty per tonne CPT.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland, was 2,700-2,780 zloty per tonne on Thursday, rising from 2,650-2,720 zloty per tonne the previous week.
Meanwhile, prices for wire rod widened in the week to Thursday.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 2,800-3,000 zloty per tonne on Thursday, widening downward from 2,815-3,000 zloty per tonne the previous week.
The lower end was attributed to a deal heard around 2,800 zloty per tonne delivered, while market sources also reported tradable levels around 3,000 zloty per tonne delivered.
