As in the other European markets, the scrap market in Poland has remained mostly stable over the past week, with a small upward adjustment in export purchase prices.
In the domestic market, the main steel producers have bought regular volumes at unchanged prices compared to May. Although one of them has not yet announced its final decision, unofficial communications have reported that its purchase prices should also be stable.
The reasons can be attributed to a certain weakness in the finished steel market, where prices are slowing down due to the sluggishness in downstream demand.
In the scrap export segment, purchase prices at export yards underwent a slight upward correction of around €3/mt for HMS I, reaching around €295/mt DAP. The adjustment has allowed Polish exporters to align with prices at other northern European ports, but demand from major import markets - particularly Turkey - continues to be limited.
"Bonus [scrap] can’t be bought," a source commented. "Every ton goes to the domestic market or in containers to Asia. I expect a downward movement for HMS, but you never know," he added.
