In the Polish rebar market, demand has started to decline because of the upcoming holiday period, while prices have remained strong over the past two weeks. Producers have already sold out most of their August production and new price increases are possible at the beginning of September. The market outlook has remained positive due to the current projects in the market and end-users still do not hesitate to buy because of upcoming projects. Despite the lower demand, rebar prices have remained stable at PLN 4,000-4,150/mt (€876-909/mt) ex-works.
"Consumption has been really good since late spring and we do not expect any decline because new projects are on the way. Producers have mostly sold out August production and they also have demand for September production. We expect to see further price increases in September as raw material prices remain strong," a trader told SteelOrbis.
Import demand has also slowed down and the number of offers is still limited. Deals have been done from Moldova at €850-860/mt CPT within the past two weeks. Russian offers have also been heard as €840-850/mt CPT for September shipment.
Prices exclude 23 percent VAT.
PLN 1 = €0.2191