The new offer prices were reported to be at 2,580-2,600 zloty ($637-642) per tonne CPT, and in some cases even reaching 2,650 zloty per tonne CPT.
In comparison, at the start of November, Polish rebar was on offer at 2,550 zloty per tonne CPT. But mills in the nation were hungry for orders and agreed on some discounts.
As a result, prices in deals dropped to 2,530 zloty per tonne CPT, and for larger volumes of more than 1,000 tonnes, transactions were concluded at 2,500 zloty per tonne CPT.
“There is a very strong conviction among all [Polish] mills that such low prices are not acceptable,” a distributor source told Fastmarkets.
“Polish producers say that they are fully booked for December,” a second distributor source told Fastmarkets.
Local mills are planning long closures for the upcoming Christmas holidays, starting from the middle of December until January 6, 2025, the source added.
This is also expected to have some impact on Polish rebar availability, Fastmarkets understands.
The second distributor added that local mills had sold good volumes at the lower price levels over the past few weeks and no longer have a strong incentive to offer significant discounts.
No deals were heard at the new price levels.
“Buyers will wait to see what will happen in January,” the second distributor source said.
According to industry sources, some material for prompt delivery could still be negotiated at 2,550-2,570 zloty per tonne CPT.
One buyer source estimated the workable market level even lower at 2,500 zloty per tonne CPT.
Reflecting the new higher offers and buyers’ estimations, Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Poland was 2,500-2,580 zloty per tonne on Friday, widening upward by 70 zloty per tonne from 2,500-2,510 zloty per tonne on November 29.
In terms of imports, no fresh offers for the first quarter of 2025 were heard in the Polish market.
