Domestic rebar and wire rod prices in Poland rose in the week to Friday, November 6. Market participants surveyed by Fastmarkets attributed the increase to high production costs and said they expect prices to rise further despite weak demand.
Rebar deals and offers were reported at 2 900 zlotys ($660) per tonne CPT. Fastmarkets assessed the weekly range for domestic rebar prices delivered CPT Poland at 2 900–2 950 zlotys per tonne, compared with 2 850–2 950 zlotys the previous week.
Market sentiment remained mostly optimistic. At the same time, activity at rebar cutting and bending plants remained high, while high production costs continued to weigh on the market. Participants also noted an increase in exports, attributing it to limited supply from other countries.
In the wire rod for drawing market, offers, buyer-acceptable levels and deals were in the range of 3 100–3 200 zlotys per tonne delivered. Fastmarkets’ weekly assessment for the product rose to 3 100–3 200 zlotys per tonne delivered in Poland. The range had been 2 900–3 150 zlotys the previous week.