POLAND REBAR: Prices widen downwards as buyers push for decrease

Domestic steel rebar prices in Poland widened downwards in the week to Friday July 17, with buyers pushing for lower numbers despite all major producers having no July tonnages left, sources told Fastmarkets.

Demand for rebar in Poland was slightly slower this week and buyers were bidding lower citing problems passing their costs downstream.
Most major producers, including ArcelorMittal Warszawa, CMC Zawiercie and Celsa Huta Ostrowiec, were reported to have sold out July tonnages and were yet to announce offers for August rolling.
Small EAF-based producer Cognor was said to have July tonnages available, sources said.
But trading companies were not active because they were waiting for new offers from the mills.
"For now, we don't order anything," one trader said.

"Demand [from construction] is ok, but there is a lot of pressure on lower prices. On the...

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years