Malaysian mills hike rebar prices on higher billet, scrap prices.

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    • Subject Terms:
      MALAYSIA
    • Abstract:
      The article reports on the decision of steel mills in Malaysia to increase the prices of rebars in January 2011. It mentions that the decision was pursued amidst the higher cost of billet metals and scrap iron. It adds that the price of rebar for the said period is at 2,300 to 2,350 ringgit ($749-$766) per tonne. According to a Malaysian official, the upward tick in the price of steel rebar is due to the increase in the price if steel billet and scrap steel.