Prices in Poland for domestic steel reinforcing bar (rebar) increased in the week to Friday January 16 amid higher production costs linked to increases in scrap and energy costs, sources told Fastmarkets.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Poland was 2,480-2,550 zloty ($682-702) per tonne on Friday, up from 2,400-2,450 zloty per tonne in the previous week.
The assessment matches some estimates of workable levels heard within the range of 2,480-2,550 zloty per tonne CPT, with the upper end of the range supported by a deal reported at 2,540-2,550 zloty per tonne CPT.
Sources said some producers have attempted to increase offers or indicated that higher offers are being pursued, but no price level for those offers was reported during the assessment period.
“There are rumors that prices might increase, but right now it is not clear what will happen,” a distributor source said. “Steel mills have to decide prices based on increases in scrap and energy costs,” the source added.
But the source said producers will have to see whether buyers will accept any price increase.
Meanwhile, a trader source said market mood remains calm with “no big demand” because low temperatures during the winter months affect market activity.
Prices remained flat for drawing-quality wire rod, with no new trading activity reported during the week.
Fastmarkets’ weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 2,600-2,650 zloty per tonne on Friday, unchanged week on week.
