PRICING NOTICE: Launch of Poland domestic steel wire rod assessment

Fastmarkets today, Friday March 12, launches a weekly price assessment for drawing-quality steel wire rod for the Polish domestic market.

Following a month-long consultation period, Fastmarkets has launched a weekly steel wire rod (drawing quality), domestic, delivered Poland, zloty/tonne price assessment. 

The Polish market plays an important role as both an importer and exporter due to its central location in Europe, neighboring the key German market while also serving as a price indicator for much of Eastern Europe.

Poland has two major wire rod producers, ArcelorMittal Sosnowiec and CMC Zawiercie, with a total nameplate capacity of 1.3 million tonnes per year.

In 2019, wire rod apparent consumption in Poland was about 1.4 million tonnes, with imports amounting 640,000 tonnes and exports about 450,000 tonnes, according to the Polish distributors association,  PUDS.

The specifications for the price are as follows:

MB-STE-0891 Steel wire rod (drawing quality), domestic, delivered Poland, zloty/tonne
Quality: Drawing quality, s235jr, SAE1006 – below 0.25% carbon content, standard diameter 5.5mm
Quantity: 25-500 tonnes
Location: Delivered Poland
Timing: 6 weeks
Unit: PLN/tonne
Publication: Weekly, Friday, 2-3pm London time

Fastmarkets has no financial interest in the level or direction of the assessment.

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter to this price, please contact Julia Bolotova by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Julia Bolotova, re: Poland wire rod assessment’.

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.

What to read next
The government of Finland was ramping-up support for its burgeoning battery materials supply chain through grants for facilities owned by Easpring Finland New Materials and Fortum Battery Recycling, the firms said on Thursday July 10.
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.
Fastmarkets has corrected its alumina index inferred prices, which were published incorrectly on Tuesday July 15.
After an initial one-and-a-half-month consultation, followed by a further three-month consultation period on the proposed inclusion of a powder brand, and following market feedback and data analysis, Fastmarkets has determined that current market circumstances do not make the proposed amendment to the cobalt standard grade, in-whs Rotterdam, daily price assessment viable. This decision is not a judgement on the […]
Fastmarkets launched two new price assessments for Indonesia’s domestic trade in nickel ore on Tuesday July 15. The two price assessments are for domestic trades of Indonesian laterite ores with 1.6% and 1.2% nickel content. Indonesia now accounts for 60% of the global nickel supplies and while there is an official government reference price, known […]
Nickel pig iron (NPI) is a key feedstock material used for stainless steel production, and the CIF has grown to become one of the mainstream trading methods for the Chinese market. The proposed price assessment will allow Fastmarkets to bring more transparency to the Chinese NPI market. Fastmarkets has been tracking spot and DDP China […]