After last week’s sharp rises, the local scrap market in Poland remained silent with no variations registered in prices. Scrap inflows are still slow, producers have concluded their purchases for the month, while finished steel demand is not brilliant.
“Right now, we don’t see any reason why prices should drop in the next [round of] contracts but also we don’t see them going up again,” a representative of a steel mill in Poland commented on the recent scrap price trends. A local trader agreed, adding that the scrap prices situation will be difficult to predict for March, because “even if mills need it, the material will be difficult to find”, he said. At the same time though, finished steel sales are sluggish, so mills might have trouble supporting such high prices over an extended time. For this reason, sources are hoping for stability next month.
In addition, scrap demand from Turkey has stopped now, which makes scrap export sales more difficult too. Scrap prices from export yards are reported at unchanged levels compared to last week, at €310-320/mt DAP.