PRICING NOTICE: Proposal to launch Poland domestic steel wire rod assessment

Fastmarkets proposes to launch a weekly Poland domestic steel wire rod (drawing quality) price assessment to complement Fastmarkets’ existing suite of European long steel prices.

Fastmarkets’ proposal follows initial feedback that such an assessment would be of value to European market participants, both in itself and in conjunction with Fastmarkets’ other regional long steel prices, which include wire rod market coverage for Southern and Northern Europe as well as the Poland domestic steel rebar market. 

The Polish market plays an important role as both an importer and exporter owing 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 Zawiericie, with a total nameplate capacity of 1.3 million tonnes per year.

The proposed specifications for the price are as follows:

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

The consultation period for this proposed launch starts on Friday February 12 and will end on Friday March 12. The assessment launch will take place, subject to market feedback, on Friday March 12.

Fastmarkets’ price assessment methodology screens outliers and applies a quantity-weighted model to ensure that the Poland steel drawing quality wire rod assessment is the most robust in the industry.

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 pirce, 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 www.fastmarkets.com/about-us/methodology.  

What to read next
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.
UK-based transport fuels supplier Greenergy announced on Thursday July 10 that it will begin the consultation process to cease production at its biodiesel plant in Immingham, in the northeast of the country, in the latest blow to the UK's renewable fuel sector.
Understand how recent tariff decisions are affecting the European pulp and paper industry and trade with the US market.
Key talking points from the 75th anniversary event of European steel distributors’ association Eurometal, held July 2-3 in Luxembourg and attended by Fastmarkets.
Charcoal-based pig iron can potentially support decarbonization strategies in the EU, despite not being widely used in the region, delegates were told at Fastmarkets' International Iron Ore & Green Steel Summit, held June 17-19 in Barcelona.
A major merger and acquisition (M&A) wave, conservatively estimated to exceed €450 million ($516 million) in deal value across European sawn timber markets—including over €160 million in disclosed deals plus several large undisclosed transactions and recent distressed asset acquisitions—signals a fundamental shift toward market concentration that could likely reduce pricing volatility while creating new competitive dynamics favoring integrated participants and Baltic production hubs.