It’s reported that the Malaysian steel mills announced to cut rebar domestic prices by around US$20/ton due to lower scrap prices, weak demand and decreased import prices of steel products.
According to local sources, the prices of rebar with diameter of 16mm~32mm are at US$735/ton, lower than US$755/ton from a week ago.
Also, the prices of rebar with diameter of 10mm~12mm are at US$768/ton, decreasing from US$788/ton in a week earlier.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63871&division=A4