[SMM Weekly Review of the Malaysian Market] Flat Steel Remains Under Pressure While Long Steel Prices Fluctuate Narrowly

Published: Aug 21, 2026 16:00

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This week, Malaysia’s steel market remained generally weak, with limited transaction activity. Domestic S275JR HRC was largely stable at around 2,090MYR/tonne (510USD/tonne) EXW before edging up to 2,110MYR/tonne (519USD/tonne) EXW. On the import side, Dexin HRC was indicated at around 515USD/tonne CFR Malaysia, while Chinese-origin material was quoted at around 530USD/tonne CFR Malaysia. CRC prices remained stable at around 2,750MYR/tonne. In the long steel market, 12mm rebar was heard at around 2,330MYR/tonne, while 16mm and 20mm rebar stood at around 2,220MYR/tonne, slightly higher than previous levels. C12D wire rod prices fluctuated narrowly within 2,200–2,220MYR/tonne. Overall, Malaysian steel demand remained cautious and transaction activity was slow, with flat steel continuing to face import competition while long steel prices stayed relatively stable.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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