Poland's rebar prices dropped by EUR 3 but remained steady for a while, trading at EUR 625 EXW. During the week of April 29, the Polish rebar market fell by a further EUR 10 to settle at EUR 615/EXW. Sources noted that demand has fallen and producers, unsure of the volatile rebar market, have started to cut production to bring balance to the market.
Steel production in Poland increased in March
Poland increased its March steel production by 17.6% from February to 647 thousand tons, despite reports that producers may reduce production due to the imbalance in the rebar market in April. Compared to 2023, Polish producers decreased their steel production by 2.6% in March 2024; It was noted that in the period between January-March 2024, steel production decreased by 3.4% compared to 2023.
There are six large iron and steel mills in Poland, including ArcelorMittal, with a total steel production capacity of 9.69 million tons per year. In addition to ArcelorMittal Warszawa, there are many plants in different cities in the country and ArcelorMittal Poland, which is preparing to invest approximately $ 40.9 million to restore the coking plant in Zdieszowice, announced that it plans to complete all its work by 2026.
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