POLAND REBAR: Slower demand, lockdown concerns weigh on prices

Domestic steel rebar prices in Poland have widened downward over the past seven days amid softer buying activity, with market participants expecting further price falls in November, sources told Fastmarkets on Friday October 30.

Demand for rebar in Poland continued to slow down over the week, with buying appetite affected by a stricter lockdown in the country since October 24 to contain the spread of Covid-19, sources said.
“We are not in full lockdown yet, but unfortunately we see coronavirus [infections] spreading [widely] now. We operate half-remotely [and half onsite], as well as we can,” one trader said.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 1,940-2,000 zloty ($491-506) per tonne on October 30, widening downward from 1,960-2,000 zloty per tonne a week earlier.
The assessment was based on deals, offers and achievable prices heard within the price range.

“General demand is going down together with prices,” a second...

Published

Julia Bolotova

October 30, 2020

15:05 GMT

Dnipro