[SMM Steel] Malaysia Domestic Wire Rod Prices Hold Stable This Week

[Sheets & Plates] Today, HRC and other sheets & plates export prices were mainly stable day-on-day, with some prices rising by $1/mt. HRC transaction prices were concentrated in the range of $486‑489/mt. Market inquiries were moderate today, and some traders were optimistic about the outlook, leading to relatively firm quotes, but actual transactions were limited.

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.

[SMM Steel] Market feedback indicated that for Q235B with an October shipment schedule, the FOB selling price for HRC in the 3.5*1250*C specification was $490/mt, with the loading port being Tianjin port.