Rebar and wire rod prices increased in Poland

Rebar prices in Poland increased by EUR 3 to EUR 628. Since Polish producers produced rebar at lower costs in April, this material is now available on the secondary market. Last month, the high volume of sales at low prices allowed producers to increase prices. The increase in demand in the construction sector, especially in housing construction, caused rebar prices to rise. The launch of some delayed housing projects in the second quarter and the government's low-interest loan programme for first-time buyers supported this demand. Moreover, the strong Polish zloty made imported rebar more attractive for the local market.

Wire rod prices increased by EUR 5 to EUR 675. The increase in wire rod prices was driven by a general increase in demand in the Polish construction sector and the profits that producers made from the products they sold at low prices last month. Activity in the construction sector, particularly in the residential construction sub-sector, has led to higher wire rod prices. The continuation of the government's low-interest loan programme, the effects of which will become more pronounced later in the year, is playing an important role in this increase in demand.