Some rebar offers from mills were heard at 3,050 zloty ($843) per tonne CPT, but no trading activity was reported at such prices during the assessment period.
Buyers were heard to be resisting higher prices, with market sources saying that although there were some requests for materials from key sectors such as infrastructure, it still was “not enough” to say that demand was good.
“Buyers are buying just to replenish their stocks. Demand from real estate is fine but there are no big infrastructure projects,” one sector source said.
Over the week, market participants reported rebar transactions around 2,800-2,900 zloty per tonne CPT, noting signs of upward market pressure.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland, was 2,800-2,900 zloty per tonne on Thursday, widening upward from 2,800-2,850 zloty per tonne the previous week.
The recent growth in Polish domestic rebar prices matched similar trends across Europe, where prices have also been following an upward trajectory amid higher production costs.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was €700-735 ($821-862) per tonne on April 29, widening upward from €700-710 per tonne on April 22.
Meanwhile, the weekly price assessment for steel reinforcing bar (rebar), domestic, exw Italy, was €700-730 per tonne, also widening upward, from €700-725 per tonne the previous week.
On the other hand, prices for drawing quality wire rod in Poland were unchanged, with market sources citing low buyer appetite for material, but with some expectation that the market will improve during the summer.
Estimates of tradable prices were heard at 3,000-3,050 zloty per tonne, delivered.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 3,000-3,050 zloty per tonne on Thursday, unchanged week on week.
Author: Melissa VanDervort
