9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
81.28 USD Fossil Oil Fossil Oil
30.16 USD Silver Silver
4.29 USD Copper Copper
97.09 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,685.04 TRY Gold (gr) Gold (gr)
9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
81.28 USD Fossil Oil Fossil Oil
30.16 USD Silver Silver
4.29 USD Copper Copper
97.09 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,685.04 TRY Gold (gr) Gold (gr)
9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
81.28 USD Fossil Oil Fossil Oil
30.16 USD Silver Silver
4.29 USD Copper Copper
97.09 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,685.04 TRY Gold (gr) Gold (gr)

Malaysian government addresses steel oversupply issue

The Malaysian government has introduced a two-year "production capacity suspension order" to address the issue of steel oversupply and allow steel manufacturers time to adapt their operations.

Malaysian government addresses steel oversupply issue

Under this order, steel manufacturing licenses that adhere to decarbonization standards, such as producing low-carbon steel or employing carbon reduction technologies, will be exempted. This move aims to encourage the advancement of green steel technologies.

Despite attracting significant investment in green steel, Malaysia continues to face challenges with steel oversupply. While steel consumption in the country has been rising steadily, production capacity surpasses demand, leading to heightened competition within the industry.

This policy has impacted the expansion and diversification plans of steel mills across the board. Some industry insiders argue that Malaysia's steel sector requires greater innovation and investment to address oversupply issues and enhance competitiveness and sustainability.

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