Updated Nov 15th 2019: Steel Price EAF Rebars opened today 14.70 Baht/Kg+VAT7%. IF Rebars today 14.40 Baht/Kg+VAT7% (Ex-work Rayong) TYS EAF Rayong 14.40Baht+VAT7% TATA EAF Rebars open at 15.00 Baht/kg. Billet price picked up. Very special price offered for large size project. Can accommodate cross border delivery
Steel price today is based on the price fluctuation of Rebars, Reinforced steel bars type deformed bar size 16-25 mm, which is the key indicator of steel price in general. The reason why we constantly look at rebars retail price in the market is because the pattern can give us the great indication of where the market is heading to. Not only is rebars the key materials for building, it's also proven the most fundamental materials that is a driver to economy. When rebars price goes up, it's usually attributed from raw materials price go up, and more importantly the demand in the market spikes. On the other hand, when the price goes down, it's not necessary depend on the raw materials.