9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

Malaysia plans carbon pricing and green steel investments

Malaysia is set to introduce carbon pricing to facilitate carbon trading and is considering a carbon tax, Deputy Investment, Trade, and Industry Minister Liew Chin Tong announced.

Malaysia plans carbon pricing and green steel investments

He highlighted that the revenue generated from these measures should be invested in green initiatives, such as green steel.

Liew also noted that the EU will introduce a Carbon Border Adjustment Mechanism (CBAM) in 2026, which will impose taxes on steel and other exports from Malaysia unless the country collects the tax itself.

In addressing the scrap metal challenge, Liew emphasized the Ministry's commitment to finding solutions for shortages and enhancing the ecosystem. He pointed out that Malaysia's crude steel production capacity utilization rate was 39.1% in 2023, significantly lower than the global average of 75.7% and the ASEAN-6 average of 60.1%.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now