Dear Customers,
To provide a more comprehensive and accurate reflection of Malaysia’s domestic rebar market, help market participants monitor local supply-demand conditions and cost transmission, and reduce market risks for supply-chain participants, SMM, following in-depth market research and industry engagement, has decided to launch a new Malaysia domestic rebar spot price assessment, effective from September 2, 2026.
Malaysia’s continued infrastructure development and construction activity support substantial demand for reinforcing steel. However, differences in product specifications, order volumes, payment arrangements and delivery locations can result in significant variations among reported market prices, increasing the need for a transparent and independent domestic rebar price benchmark.
The new assessment will be based on a delivered Malaysia basis and will cover mainstream B500B rebar with nominal diameters of 16–20 mm. It will help steel mills, traders, distributors, construction companies and downstream users monitor domestic price movements and provide an objective reference for procurement, contract negotiation, cost assessment and market analysis.
▍ Details of the New Price Assessment:
- Price Point: Rebar B500B Φ16–20 mm Delivered Malaysia
- Commodity: Reinforcing steel bar
- Material: B500B
- Specification: Φ16–20 mm, supplied in straight lengths
- Price Term: Delivered Malaysia
- Currency and Unit: MYR/tonne
- Minimum Transaction Volume: 20 tonnes
- Reference Standard: MS 146:2014
- HS Code: 72142000
- Major Producers: Alliance Steel (M) Sdn. Bhd., Amsteel Mills Sdn. Bhd., Southern Steel Berhad, Ann Joo Steel Berhad and Malaysia Steel Works (KL) Bhd.
▍ Common Standards & Parameters:
- Price Type: Spot price benchmark under the SMM pricing methodology (Tier 3).
- Tax Basis: Tax excluded.
- Update Frequency: Weekly, every Wednesday.
- Price Collection Time: 9:00–11:00 Kuala Lumpur time every Wednesday.
- Publication Time: Before 16:00 Kuala Lumpur time every Wednesday.
- Payment Terms: Bank transfer, cash or short-term credit of up to approximately 30 days; other payment methods will be standardised.
- Delivery Time: Available material is typically delivered within 7–14 days after order confirmation. Non-stock orders are subject to the mill’s production schedule.
- Quality Standard: B500B hot-rolled ribbed weldable reinforcing steel compliant with MS 146:2014, with characteristic yield strength ≥500 MPa, tensile-to-actual-yield strength ratio ≥1.08 and total elongation at maximum force (Agt) ≥5.0%.
▍ Methodology Note: The above assessment is an objective spot price derived by SMM through extensive first-hand market research, actual transaction data and executable market offers. Transaction and offer information will be normalised according to the defined specification, delivery location, order volume and payment terms. The price will be formulated and published strictly in accordance with the SMM pricing methodology to authentically reflect mainstream delivered spot-market levels in Malaysia.
SMM will continue to monitor Malaysia’s rebar production, inventory, construction demand, transaction activity and broader market developments. Should you have any inquiries or suggestions regarding the new assessment, please feel free to contact us.
Shanghai Metals Market (SMM)
Steel Research Team
August 26, 2026