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Wire rod prices remain stable in Poland

According to sources, domestic steel wire rod prices in Poland were unchanged last week and demand for commodity grades remained weak.

Wire rod prices remain stable in Poland

The price assessment for local steel wire rod (ductile grade) delivered in Poland was at PLN 2,750-2,800 ($675-687) per tonne on Friday, unchanged since July 7.

Local steel mills' official offers for low-carbon, tensile-grade wire rod were reported at CPT 2,800-2,900 zloty per tonne, unchanged since late July, but the upper end of this range was considered unworkable by most buyers.

Buyers said the tradeable value was closer to 2,750-2,760 zlotys per tonne CPT.

However, trading in the week to Friday remained limited, with buyers tending to reserve only small lots to meet their immediate needs.

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