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Polish wire rod buyers reject high prices

Steel wire rod manufacturers in Poland have increased their offers, but buyers are not willing to accept the high prices.

Polish wire rod buyers reject high prices

Polish producers set the price of wire rod per ton for April at 20-30 euros ($ 21-32), but weak demand was seen as a major obstacle to prices.

Polish producers' price per ton for rolled wire rod was 3,400 zloty ($780) in March, while offers for April were reported as 3,500-3,550 zloty ($803-815) per ton.

The weekly price assessment for domestically delivered steel wire rod has remained unchanged since Friday, March 17, at 3,400 zloty ($780) per ton.

A Ukrainian mill offered wire rod at €680 ($731) per tonne for April-May delivery to Poland.

Italian mills were still out of the market this week.

Another Ukrainian producer was offering wire rod at €720-730 ($774-785) per ton.

$1 = 4.35 Zlotys

$1 = 0.93 Euros

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