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Home Steel News Malaysia mill to rise rebar price
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Malaysia mill to rise rebar price

9 Jan 2007 17:24 reported by Aaron Yang

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Malaysia manufacturers are planning to rise the rebar price by 10 percent in order to offset high cost of raw material.

The mills indicated that they have to rise price as import price of billet has risen 10 percent from October. Although Chinese billet and scrap prices are stable now, the weak market in Malaysia still can't accept the price increase.

Malaysia steel association expected the steel demand will be driven by the revival of construction projects under the Ninth Malaysia Plan (9MP).

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