Polish domestic rebar prices rose in the week to Friday September 18 as producers continued to push for higher levels in response to increasing production costs.
“There is a really big cost pressure for mills. Energy prices are very high. Compared to a month ago, prices are doubled,” a distributor source told Fastmarkets.
Rising oil and energy prices continued to support higher offers, while some mills adjusted their working hours depending on energy costs.
Deals for domestic rebar were heard at 2,770-2,800 zloty ($729-737) per tonne, with offers also heard within that range. Workable levels were heard at 2,740-2,800 zloty per tonne.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, CPT Poland, rose to 2,740-2,800 zloty per tonne on Friday, up from 2,650-2,680 zloty per tonne the previous week.
In the wire rod segment, indications were heard at 2,900-3,100 zloty per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, remained unchanged at 2,900-3,100 zloty per tonne on Friday.
