Polish rebar market largely flat despite mills' attempts to raise price

Slow demand and cheaper imports have quashed attempts by steel rebar producers in Poland to boost prices, sources told Fastmarkets on Friday November 19.

Trading activity in the Polish rebar market has been slow this week, those sources said - because local distributors and stockholders have enough material in stock, they have not been looking to make bookings.
As well, end-user demand from the construction industry is reportedly slowing down for the winter, as is usually the case.
"Demand this week was much slower than last week. Winter is coming - fewer construction projects are starting," a trading source said.

Despite the weak fundamental backdrop, some...

Canadian political turmoil with Trump trade policy the catalyst

Canada and US import tariffs remain low

Major metals not gaining much on China stimulus announcements

Spectre of stagflation looms over base metals

TSXV large gold gains overall, but a mixed story underneath