Search results for rebar price

Malaysia’s rebar market has recently remained firm, with prices showing a steady-to-strong trend. This round of price support is primarily driven by a significant rise in production costs combined with a tightening supply structure, jointly pushing up overall market levels. On the supply side, the market continues to tighten. Several major mills have recently undertaken equipment maintenance and production adjustments, leading to reduced output. At the same time, with domestic prices at relatively low levels in July, some mills redirected resources to the export market, further limiting local availability. Notably, buyers have generally been procuring in small batches without meaningful stock accumulation, leaving the spot market more vulnerable to the effects of supply contraction. Cost-push factors are also evident. According to the latest tariff scheme announced by Tenaga Nasional Berhad (TNB), industrial power rates will be raised by 14.2% in the second half of 2025. SMM research indicates that electricity accounts for around 35–40% of total rebar production costs under electric arc furnace (EAF) operations. Based on this, steelmaking costs are expected to rise by 30–50 MYR per tonne. Several local mills highlighted in their latest financial reports that rising energy expenses have become a key factor eroding profit margins. Supported by both cost increases and tighter supply, Malaysian rebar prices have risen significantly. According to SMM survey data, a major domestic mill has lifted its ex-works price for Rebar BS4449 GR500 20mm to 2,380 MYR/tonne, up from 2,200 MYR/tonne in mid-to-late July. Other specifications have also been adjusted accordingly: 10mm rebar is quoted at 150 MYR/tonne above the base size, while 12mm is at a 100 MYR/tonne premium, with both seeing an increase of around 180 MYR/tonne since mid-July. In summary, the persistent rise in energy costs is providing solid cost support to rebar prices. Combined with supply-side tightening caused by export diversion, reduced capacity, and blast furnace maintenance, Malaysia’s rebar market is expected to maintain its steady-to-strong trajectory in the short term.

Operating Rate and Forecast of Building Materials Production Lines at Steel Mills in Central China During the survey period (July 1st - July 7th), the operating rate and capacity utilization rate of rebar rolling lines at steel mills in Central China both increased, while the capacity utilization rate of wire rod rolling lines remained stable. Data source: SMM During the survey period (July 1st - July 7th), the capacity utilization rate of rebar rolling lines in Central China increased slightly. Specifically, there was no significant change in the production pace of steel mills in the region during this period. Only a few electric furnace mills in Hubei province chose to resume production of a rebar rolling line due to the recent increase in steel prices, which slightly improved their profits. This led to an increase in the operating rate and a slight increase in production. In terms of in-plant inventory, influenced by the anti-cut-throat competition initiative and rumors of crude steel production restrictions in Hebei and Southwest China during mid-week, the futures market surged significantly, and steel traders' enthusiasm for purchasing improved markedly, leading to a transfer of inventory from in-plant to social inventory. It is expected that rebar production in Central China will increase slightly next week, mainly due to the resumption of production of a rolling line in Hubei province this week, more actual working days in the next period compared to the previous one, and an increase in capacity utilization rate. Data source: SMM During the survey period (July 1st - July 7th), steel mills in Central China will maintain a normal production pace this week, with the operating rate and capacity utilization rate of wire rod remaining stable. In terms of in-plant inventory, influenced by the anti-cut-throat competition initiative and rumors of crude steel production restrictions in some regions during the survey period, the futures market surged significantly, and downstream speculative demand improved slightly, leading to a slight reduction in steel mills' inventory. It is expected that wire rod production in Central China will increase significantly next week, mainly due to the production resumption plan of a blast furnace at some steel mills in Henan province, which will resume production of a wire rod rolling line to adapt to production. Meanwhile, some steel mills in Hubei province have irregular production resumption plans. Under the combined influence, the operating rate of wire rod will increase next week, driving an increase in production. 》Click to view SMM Metal Industry Chain Database

Operating Rates and Forecasts for Building Materials Production Lines at Steel Mills in Central China During the survey period (June 17-23), the operating rate and capacity utilization rate of rebar rolling lines in Central China both increased; the weekly production of wire rod decreased MoM. Source: SMM During the survey period (June 17-23), the capacity utilization rate of rebar rolling lines in Central China slightly increased. Specifically, during this period, some steel mills in Henan province chose to halt rebar rolling lines and switch to producing wide and heavy plates due to better profits from certain steel products, leading to a slight decrease in supply. However, at the same time, individual steel mills in Hubei and Hunan provinces resumed rebar rolling lines as planned, driving up the capacity utilization rate. As a combined result, rebar production slightly increased. In terms of in-plant inventory, affected by heavy rainfall and steel mills' refusal to budge on prices, the inventory of steel mills in the region slightly accumulated. It is expected that rebar production in Central China will significantly increase next week, mainly due to the resumption of one rebar rolling line each in Hubei, Hunan, and Henan provinces this week. The actual number of operating days next week will be more than this week, and the capacity utilization rate will increase. Source: SMM During the survey period (June 17-23), the weekly production of wire rod in Central China decreased MoM. Specifically, during this period, individual steel mills in Henan province transferred surplus billets to wire rod production due to bar maintenance, leading to a slight increase in supply. However, in Hubei province, some electric furnace mills slightly reduced their operating hours due to difficulties in collecting steel scrap and poor profits. Meanwhile, the actual number of operating days for wire rod rolling lines at some blast furnace mills was less than the previous period. As a combined result, the capacity utilization rate in the region slightly decreased, and wire rod production also decreased. In terms of in-plant inventory, the demand for wire rod showed a pullback, and the direct supply to end-users from steel mills decreased, leading to a slight accumulation of in-plant inventory. It is expected that the capacity utilization rate of wire rod in Central China will decrease next week, mainly due to the planned resumption of bar and wire rod production at individual steel mills in Henan province, with wire rod rolling lines returning to normal production and production slightly decreasing.   》Click to view the SMM Metal Industry Chain Database

Operating Rate and Forecast of Building Materials Production Lines in Central China Steel Mills During the survey period (May 27 - June 2), the operating rate and capacity utilisation rate of rebar rolling lines in steel mills in Central China both increased, while the capacity utilisation rate of wire rod rolling lines decreased. Data source: SMM During the survey period (May 27 - June 2), the capacity utilisation rate of rebar rolling lines in Central China increased. Specifically, in Hubei, individual steel mills had many undelivered orders due to the impact of previous production halts, and to ensure production progress, their capacity utilisation rates increased this week. In Henan, some steel mills resumed production on an additional rebar rolling line due to sufficient billets in-plant, leading to an increase in rebar production. On the in-plant inventory side, steel mills' supply increased this week, while downstream demand performed moderately due to the impact of the Dragon Boat Festival holiday, resulting in a slight accumulation of in-plant inventory. It is expected that most steel mills in Central China will continue to maintain their current production pace for rebar next week. Only a few steel mills will have more actual operating days than the previous period, driving a slight increase in capacity utilisation rate and overall production. Data source: SMM During the survey period (May 27 - June 2), the weekly production of wire rod in Central China decreased MoM. This was mainly due to irregular maintenance at individual steel mills in Hubei, which led to a decrease in capacity utilisation rate and an overall reduction in wire rod supply. On the in-plant inventory side, as market demand gradually transitions into the off-season, combined with a slight decrease in market trading activity during the Dragon Boat Festival holiday, wire rod in-plant inventory accumulated slightly. It is expected that steel mills in Central China will maintain their current production pace next week, with relatively stable wire rod production.   》Click to view SMM Metal Industry Chain Database

Rebar prcies fluctuated slightly, up 0.14% on the day to close at 3,675 yuan/mt. In terms of spot market, market quotations were mainly stable, and some regions still have demand for stocking, but as far as the overall transaction was still relatively moderate. On the cost, iron ore is operating at a high level and coking coke price is still on the rise. There may be 4-5 rounds of price increases in total, with strong cost support. The supply of steel scrap in the EAF steel mills is tight and the enthusiasm for increasing production is limited, but BF steel mills still have certain profit margins and most of them have plans to resume production in the future. The increase in supply may put certain pressure on steel prices. On the demand, some regions still increased their inventories in the last two days before the holiday, but subsequent macroeconomic policies have not been favorable, and the room for incremental demand is limited. Steel prices are under supply pressure and supported by costs, and are unlikely to fluctuate significantly in the short term. If tomorrow's PMI is lower than expected, there may be a risk of a temporary downward trend in subsequent steel prices.