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Malaysia's steel prices increased

According to the Department of Statistics Malaysia (DOSM), the steel unit price index increased in January 2024 compared to the previous month, ranging from 0.4% to 3.3% in most regions.

Malaysia's steel prices increased

According to the Department of Statistics Malaysia (DOSM), the steel unit price index increased in January 2024 compared to the previous month, ranging from 0.4% to 3.3% in most regions.

Chief Statistician Datuk Seri Mohd Uzir Mahidin noted that Perak experienced the highest increase in the unit price of steel at 3.3%, followed by Pahang at 0.8%, and Penang, Kedah, Perlis, and Kuching at 0.6% each.

However, the unit price index for steel and metal profiles remained unchanged in most areas of Peninsular Malaysia, Sabah, and Sarawak. There was a slight decrease in the price index for Penang, Kedah, and Perlis (-0.8%), Johor (-0.3%), Kota Kinabalu (-0.1%), and Sandakan (-2.2%). Perak and Kuching saw slight increases of 0.9% and 0.2%, respectively.

Regarding cement, the unit price index remained steady for most areas in Peninsular Malaysia, Sabah, and Sarawak in January 2024. However, there was a slight increase in the unit price index for Penang, Kedah, and Perlis (0.8%).

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