Polish wire rod market slows, prices stabilize ahead of summer holidays

Steel wire rod prices have stabilized in Poland over the past seven days amid seasonally slow trading, Fastmarkets heard on Friday July 21.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality) domestic, delivered Poland was 2,750-2,800 ($690-703) zloty per tonne on Friday, unchanged since July 7.

Official offers for July-rolling low-carbon drawing-quality wire rod by local steelmakers were reported at 2,800-2,900 zloty per tonne CPT this week, unchanged from the prior week.

But a few transactions for limited volumes were reported at lower levels – 2,750-2,800 zloty per tonne CPT during the assessment period, also largely stable compared to the previous week.

Trading in the nation remained limited, with buyers tend to book only small lots to cover urgent needs.

“Demand is still very weak and there have been no signs of improvement, mainly due to slow performance of end-user sectors – construction in the first place,” a distributor in Poland said.

Import wire rod offers to Poland were also seen as stable over the past seven days.

One Ukrainian supplier was offering mesh-quality wire rod from stock at €610-615 ($679-685) per tonne CPT depending on tonnage, sources said. Transactions for small lots were heard within the range during the week to Friday.

Another Ukrainian supplier was more aggressive with its offers for mesh-quality wire rod reported at €600 per tonne CPT. Such material was offered from the stock of a mother-company in Poland, sources said.

Offers from an Italian mill were reported at €610-620 per tonne CPT for July output.

A mill from Moldova was offering drawing-quality wire rod at €620 per tonne CPT.

Published by: Julia Bolotova