The Polish scrap market has reported higher purchase prices both from local mills and exporters at the beginning of April negotiations.
At a local level, one of the biggest mills in Poland has increased its scrap purchase prices for both W2 (HMS I equivalent) and W7 grades (bonus equivalent), settling them at PLN 1,230/mt (less than €290/mt) and PLN 1,260/mt (around €296/mt), respectively, for April scrap purchases. These levels are up PLN 125/mt and PLN 87/mt - around €30/mt and €20/mt - compared to the average delivered scrap purchase prices in March.
Another major mill in Poland has instead decided to keep its purchase prices for April unchanged month on month, but a clearer picture of the market trend will probably emerge next week.
In the meantime, with higher prices paid by local mills and improved demand from external markets, export yards are also increasing their collection prices in the local market, and, as reported by an important player in the segment, HMS I collection prices this week have settled at €285/mt DAP, up €10/mt compared to March 27.
€1 = PLN 4.25
