POLAND REBAR: Prices move up on global uptrend, more rises likely

Domestic steel rebar prices in Poland have followed the global uptrend, with further increases expected next week on good demand and a shortage of material, sources told Fastmarkets on Friday November 27.

The Polish rebar market continued to move up in line with the rises being seen in the long steel and raw materials markets.
Almost all domestic rebar producers were already sold out for December-rolling rebar, sources said.
“Only ArcelorMittal Warszawa is not sold out for December production,” one trader said.
“Demand is good, [but] there is not much material in the market,” a second trader said.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 2,000-2,050 zloty ($533-546) per tonne on Friday, up from 1,960-2,000 zloty per tonne a week earlier.
The assessment included offers, deals and achievable prices heard in the market during the review period.

Market participants were expecting another round of increases starting next...

Published

Julia Bolotova

November 27, 2020

14:08 GMT

Dnipro