POLAND REBAR: Markets down on weakening scrap costs

Domestic steel rebar prices in Poland were likely to decrease on weaker scrap values, even though local producers had already closed their sales of February material, sources told Fastmarkets on Friday February 5.

Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 2,900-2,950 zloty ($773-787) per tonne on Friday, narrowing downward from 2,900-3,000 zloty per tonne seven days ago.
Most local producers were said to have sold out of February-rolling rebar at average prices of 2,900-3,000 zloty per tonne ex-works in the last week of January.
Cognor, a small steelmaker that uses an electric-arc furnace (EAF), was offering March-rolling rebar at 2,950-3,000 zloty per tonne ex-works, while other Polish rebar producers had yet to announce new prices.

Several sources said that the price suggestion for March rebar from one local mill was as high...

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