Polish steel rebar and wire rod prices remained in the week on Friday, October 10, with lower demand affecting the market, Fastmarkets reported.
"Demand is weak, I would say a little weaker than in September," said the distributor.
During the week up to Friday, estimates of the operational level for wire rod were heard around 2.580-2.650 zloty ($701-720) per ton of checkpoint, the same as in the previous period.
At the same time, some proposals have been made and are hovering around 2600-2,650 zlotys per ton of CPT.
. Thus, Fastmarkets' estimate of the price for steel wire (drawing quality), domestic, supplied in Poland, was 2.580-2.650 zlotys per ton on Friday, unchanged over the week.
Some offers for imported wire rods from Ukraine have been heard hovering around €5,530-555 ($613-$642) per tonne per week.
As for fittings, prices were also stable during the week until Friday.
Weekly price analysis
Fastmarkets’ price for steel reinforcing bars (rebar), domestic, checkpoint Poland, was 2.420-2.450 zloty per ton on Friday, also unchanged over the week.
On October 7, the European Commission presented its new proposals to reform the steel import guarantee, suggesting a cut in duty-free quotas by about 47% and the imposition of steep 50% ad valorem duties on any volumes over the threshold, Fastmarkets has heard.
If approved by the European Parliament and the Council of the EU, the new rules are expected to become official in mid-2026.
When asked about the possibility of a short-term effect of the supply on the Polish market of long products, the source said that "there is no noticeable panic" in the market now, because it will take some time for these measures to take effect.
David Montagnier
Fastmarkets.com
