The increasing trend in the international scrap market has supported the local Polish scrap market and caused prices to move up significantly. However, the market is now quiet once again, one market player stated. It is observed that market players are more cautious, worried that prices may decrease in the coming days. Similar to the German market, economic fundamentals are playing a part as demand for finished steel in Poland remains on the low side.
During the past month, prices in the local Polish market for HMS I scrap have moved up to €405-410/mt DAP, from levels of €377-380/mt DAP. Prices of better grades are €10/mt higher than HMS I quotations.
A Polish source said, “A lot depends on what will happen in Turkey. But it should be remembered that scrap collection prices are still very high in our region.” According to market sources, the local Polish scrap market may stay stable or move down by around €20/mt.