CMC Poland has faced significant challenges due to increased rebar imports, which have offset the cost-cutting measures implemented by the company. Despite improved demand in Poland and disciplined supply from regional mills, the influx of imports from neighboring countries has impacted CMC Poland’s performance.
In the final quarter of the 2024 fiscal year, CMC Poland’s deliveries fell by 18% year-on-year to 319,000 short tons, with rebar sales dropping by 35% to 98,000 short tons. The average selling price decreased by 2% to $667 per short ton, while the cost of scrap utilized dropped by 4% to $383 per short ton. Net sales fell by 19% to $222.1 million, but the adjusted EBITDA loss narrowed by 88% to $3.6 million due to effective cost management.
The company remains optimistic about the future, anticipating support from the expected release of €65 billion to Poland from the EU Recovery and Resilience Facility, which should bolster demand in the residential construction market.