Domestic prices for long products in Poland remained stable during the week to Friday, September 11, amid weak demand, limited consumer activity and expectant market sentiment.
According to a source in the distribution company, manufacturers are trying to raise prices due to rising energy and gas costs. However, the market remains unchanged for now, and buyers are waiting to see how the situation will develop.
Market participants described demand as subdued. Buyers are taking a cautious stance, despite manufacturers' attempts to raise prices in response to rising production costs.
In the wire rod segment, the offers were at the level of 2900-3100 zlotys per ton with delivery, which corresponds to 780-834 dollars per ton.
Fastmarkets' weekly estimate for steel wire rod for drawing, manufactured in Poland and supplied to the domestic market, remained unchanged as of Friday at 2900-3100 zlotys per ton.
Few data and offers were received on the rebar market, while no deals were reported that could confirm the price level.
Fastmarkets' weekly estimate for steel rebar manufactured in Poland and supplied on CPT Poland terms was 2650-2680 zlotys per ton on Friday, unchanged from the previous week.