Domestic steel rebar prices in Poland leapt upward over the week to Friday December 11, driven by short supply and rising scrap costs, and market participants expected further rises in the first quarter of 2021, Fastmarkets has heard.
Polish producers had no more December-rolling rebar available, market sources said.
"ArcelorMittal and CMC Zawiercie had no December rolling, and there are no new prices for January yet," one trader said.
"Buying is good. Customers are worried about new increases to follow and want to secure tonnages now," a second trader said.
Fastmarkets' weekly price assessment for
steel reinforcing bar (rebar), domestic, exw Poland, was 2,220-2,300 zloty ($607-629) per tonne on Friday, up from 2,100-2,170 zloty per tonne a week earlier.
The assessment was based on deals, offers and achievable prices heard in the market during the assessment week.
In the secondary market, rebar was traded at 2,230-2,260 zloty...