[SMM Steel] Malaysia HRC Market Faces Weak Demand, Short-Term Prices Likely to Remain Rangebound
[Malaysia] Malaysia’s HRC cost levels are generally around 570-590 USD/tonne. Downstream buyers remain cautious, with most purchases made on a need-to-basis. Market activity remains limited due to continued competition from imported materials, slow recovery in end-user demand, and generally weak regional steel sentiment. In the short term, Malaysia’s HRC prices are likely to remain rangebound, with attention on changes in import offers and downstream restocking pace.