Sources noted a minor increase in trading activity over the assessment week but this was largely from attempts to destock.
"Stockists are lowering prices just to get rid of the old stock. Naturally it means selling with a zero or even negative margin," one trader said.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland
was 1,830-1,860 zloty ($465-473) per tonne on June 5, down by 50-60 zloty per tonne over the week.
Concurrently, the demand from key end-users, such...