What was the average price change for steel bars last month?

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Average Price of Steel Bars Saw a Slight Decrease Last Month

The average price per unit of steel, which includes mild steel round bars and Mycon 60 high-tensile deformed bars, decreased by 0.2 per cent month-on-month in July 2026. This resulted in an average price of RM3,499.50 per metric tonne (MT), down from RM3,507.10 per MT in June 2026.
Month-on-Month Price Index for Steel

The unit price index for steel saw a modest increase in July 2026, ranging between 0.6 per cent and 0.9 per cent compared to the previous month. Perak recorded the highest increase at 0.9 per cent, followed by Tawau, Sabah, at 0.7 per cent, and Sandakan, Sabah, at 0.6 per cent.
Year-on-Year Price Index for Steel

On a year-on-year basis, the unit price index for steel experienced a more significant rise, with an increase spanning from 0.5 per cent to 8.4 per cent across most areas in Peninsular Malaysia, Sabah, and Sarawak. Perak again showed the highest increase at 8.4 per cent, with Johor and Pahang following at 6.3 per cent and 4.8 per cent respectively.
Building Material Cost Index with Steel Bars

The Building Material Cost Index (BCI) that incorporates steel bars indicated varied movements across different regions in July 2026. In Peninsular Malaysia, the BCI with steel bars rose by 0.1 per cent to 1.4 per cent month-on-month across all building categories. Conversely, Sabah saw a slight decline in the BCI with steel bars, ranging from 0.2 to 0.5 per cent month-on-month, while Sarawak registered an increase of 0.2 to 1.3 per cent month-on-month for all building categories.

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What was the average price change for steel bars last month?

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