At the same time, buying activity in the Polish rebar market receded amid the traditional summer slowdown, sources added.
“Demand is weaker; cut-and-bend shops lack orders,” a trader said.
“Construction is cooling down but not so much - usual August thing,” a second trader said.
Despite this, steel rebar prices were stable over the past seven days due to higher scrap prices, lower availability and lack of competitive offers from overseas suppliers.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland, was at 1,900-1,940 zloty ($510-521) per tonne on Friday, unchanged from a week earlier....