Poland's steel rebar producers have pushed for new price increases this week on good buying activity, rising raw materials costs and a lack of competitive imports in the market, sources told Fastmarkets on Friday September 25.
The rebar market in the country moved up this week on fresh offers from domestic mills, encouraged by good buying, rising rolling costs and tighter availability of rebar with imports being limited or uncompetitive, sources said.
Fastmarkets' latest price assessment for
steel reinforcing bar (rebar), domestic, exw Poland, increased to 1,960-2,050 zloty ($504-527) per tonne on September 25, from 1,950-2,000 zloty per tonne one week earlier.
The increase was built on good buying activity because traders and prefabricators generally had low stocks, according to the sources.
At the same time, end-user demand from the construction industry was rather flat and market sources were complaining about a lack of new projects, especially in the public sector.
"We have a backlog of demand from...