POLAND REBAR: Producers withdraw offers, secondary market leaps Poland rebar producers were largely holding back on offering and taking a wait-and-see stance amid an unprecedented price surge, while secondary market prices continued rising on support from strong demand, limited supply and increased scrap costs, sources told Fastmarkets on Friday May 21. Local mills had reportedly withdrawn their rebar offers this week and are expected to come back next week, market sources said. CMC Zawiercie and ArcelorMittal stopped any offers this week. Maybe they ll come out with a new price after the weekend, a trading source said.
Prices from ArcelorMittal were heard at 3,600 ($974) zloty per tonne ex-works, however, the producer did not confirm this, one source said.
The domestic steel rebar market in Poland was largely quiet during the week to Friday March 5, despite producers’ push for price increases, sources told Fastmarkets on Friday March 5.