Prices for long products in the Polish domestic market decreased over the week to Friday, July 31, although market participants noted that the reduction in price prompted customers to replenish stocks. "We heard that the inventory was empty, and given the new prices, customers ordered quite a lot," one of the distributors told Fastmarkets.
Despite the growth in consumer activity, overall demand, according to sources, remained weak, especially for fittings. Offers
Polish rebar prices were 2,660-2,680 zlotys (706-714 US dollars) per ton excluding VAT, and transactions were concluded at these levels, although the total sales level was determined at 2,650-2,680 zlotys per ton excluding VAT. Weekly price assessment
Fastmarkets prices for domestic steel rebar in Poland on Friday decreased to 2,650-2,680 zlotys per ton from 2,650-2,700 zlotys per ton on July 24.
The wire rod proposals were announced at the level of 2,990-3,100 zlotys per tonne delivered, the sources said, while the market level was set at 3,000-3,100 zlotys per tonne with delivery. Weekly price assessmentFastmarkets the price of steel rod (quality for drawing), domestic, supplied from Poland, on Friday decreased to 2,990-3,100 zlotys per ton from 3,000-3,100 zlotys per ton a week earlier.
Author: Nia Radenkova A
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