Demand has increased significantly in Poland’s rebar market and, despite the objections of buyers, prices have also increased over the past two weeks. Because of the low market stocks and end-users' increasing demand, traders have started their restocking period. Also, the rumor of upcoming maintenance works at one of the producers has affected demand positively. Buyers do not want to be short of materials because they believe demand will continue to increase in the country and that Covid-19 measures will ease soon. As a result, domestic rebar prices have increased by PLN 30-50/mt (€7-11/mt) to PLN 2,930-3,000/mt (€643-658/mt) ex-works for May production
"Vaccination is not bad in Poland at the moment and measures have started to be eased. Projects have already started and consumption has increased. End-users show good demand at the moment and we will expect more. In this situation, it is very normal to see higher prices, and prices will increase further after producers complete the sale of their May production," a trader told SteelOrbis.
On the import side, because of the strict quotas, only high-priced offers have been heard in the market in the past week. Offers from Germany have been heard at €650-670/mt CPT. Buyers have also been checking prices from Russia for July and ex-Russia offers for July deliveries have been heard at €630-640/mt CPT in the market.
Prices exclude 23 percent VAT.
PLN 1 = €0.2192