Polish mills were heard offering rebar at 2,600-2,610 zloty per tonne CPT during the assessment week, but according to Fastmarkets’ sources, they could easily lower the price for firm bids.
A deal for 400 tonnes of rebar was reported at 2,570 zloty per tonne CPT.
Buyers’ estimations for the workable market level were at 2,570-2,605 zloty per tonne CPT, Fastmarkets understands.
In the secondary market, prices for rebar from stock were heard at 2,650-2,670 zloty per tonne CPT, depending on the region.
“It is a buyers’ market now. Buyers bid and more or less get [the desired price],” a producer source told Fastmarkets.
“Demand is not very bad, but the pressure for price decreases is quite high”, a distributor source told Fastmarkets, adding that prices would probably reach 2,650 zloty per tonne CPT by the end of September.
“Only the cut-and-bend companies still need rebar. Construction sites in Poland are quickly changing their projects to cut-and-bend figures at the expense of straight bars,” the distributor said.
According to Fastmarkets’ sources, cut-and-bend companies in Poland had enough work until the end of October.
Import offers of rebar from European suppliers to Poland were heard at €600-620 ($669-692) per tonne CPT.
