【SMM Steel】Poland's Cognor raises rebar prices 20% since early 2026

Published: May 5, 2026 13:59

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【SMM Steel】Polish steel group Cognor Holding raised rebar prices nearly 20% effective early 2026 amid a gradual market recovery and EU regulatory changes. The company expects steps to partially offset 2025 losses and improve financial results in coming quarters. A collapse in rebar prices due to Chinese dumping and weak European demand led to revenue falling >9% y/y to PLN2.08bn. Cognor expects operating metrics to improve in Q1 2026 and a return to profitability in Q2. EU regulatory changes, including CBAM and new market protection tools, could reduce external steel supply by ~50%, supporting capacity utilization and price stabilization.

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