[SMM Announcement] New Price Announcement for ‘Malaysia 304 SS Scrap,Ex-works Malaysia,USD/tonne’

In recent years, with the steady development of Malaysia's manufacturing and stainless steel processing industries, the local stainless steel scrap recycling system has become increasingly mature. The number of recyclers, sorting facilities, and reprocessing enterprises has grown significantly, and the proportion of locally recycled scrap in the circular economy continues to rise, providing strong support for regional stainless steel raw material supply.

Meanwhile, Malaysia has become one of the main sources of stainless steel scrap imported by India. According to trade statistics, Malaysia exported approximately 107,000 tons of stainless steel scrap to India in 2024, reflecting strong linkage between the two countries in raw material recycling. Large domestic recycling and processing enterprises possess advanced sorting and reprocessing capabilities, enabling them to classify and process regional scrap and steadily supply high-quality materials to major Asian stainless steel producers in Japan, South Korea, and elsewhere.

Against the backdrop of a diversified regional raw material structure and growing value of recycled resources, Malaysia's domestic ex-works stainless steel scrap prices have become an important reference indicator for the Southeast Asian stainless steel industry. To meet market demand, enhance price transparency, and help industry participants stay informed of regional price trends, SMM announces that effective October 30, 2025, it will officially launch:

Malaysia 304 SS Scrap,Ex-works Malaysia,USD/tonne

Price specifications:

• Description: Malaysia 304 SS Scrap,Ex-works Malaysia,USD/tonne
• Quality: Commercial practice standard. Approx. Ni 8%, Cr 18%, non-magnetic, clean scrap, free from oil, coating, and visible impurities. No radioactive or hazardous waste.
• Definition: Ex-works Malaysia
• Unit: USD/tonne
• Quantity: Minimum 10 tonnes
• Timing: Prompt
• Publication: 11:30 a.m. Kuala Lumpur time
• Payment Terms: Cash on same day，other payment terms normalized

SMM Nickel & Stainless Steel Industry Research Department

October 29, 2025