Malaysia rebar mills announced that they have increased domestic rebar offers this week due to tighter supply.
According to the market dealer, the rebar with diameters of 16mm or more now are offered at US$697~US$704/ton, surging substantially from US$688~US$695/ton in a week ago.
Moreover, some mills already announced that they will have further price hike due to tighter supply in the near future.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62711&division=A4
