Polish mill reluctant to cut wire rod prices despite slow buying

摘要

Polish domestic wire rod stabilizes in October despite slow buying and cheap imports. Local mills say they have noroom for further reduction. The Polish wire rod market is rather quiet in October as buyers book small lots on expectation of further price cuts.Besides, end-users are also not so active due to fierce competition with Chinese and CIS suppliers. “Chinese and CISwire is cheaper, than Polish one, so a lot of domestic companies cut their production and book less,” a local sourcecommented.