Rebar demand and pricing weaken in Poland

Tuesday, 27 October 2020 15:58:23 (GMT+3)   |   Istanbul
       

Demand has continued to decline over the past two weeks after restocking activity slowed down further in the Polish rebar market. Domestic rebar prices have moved down by PLN 70/mt (€15/mt) to PLN 1,950-2,050/mt (€425-447/mt) ex-works. "The holiday season is coming and construction activity will slow down more. Buyers have almost completed renewing their stocks. End-user demand is low at the moment and we expect it to decline more by the end of the year," a trader told SteelOrbis. "After the restocking period, buying activity has cooled down and buyers have exerted pressure on prices. We have revised our prices accordingly. We want to continue our sales because of the second wave of Covid-19 and possible lockdowns," another trader told SteelOrbis.

Offer levels from abroad have decreased over the past two weeks, but still remain unfavourable for buyers. Italy is in the market with €440-450/mt CPT, down €10-20/mt, while offers from Germany have dropped by €10-15/mt over the past week to €450-460/mt CPT for November deliveries. "Suppliers see better demand in their local markets, and so they do not need to make aggressive offers to Poland," an importer told SteelOrbis.

Prices exclude 23 percent VAT.

PLN 1 = €0.2180


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