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Malaysia’s steel unit prices drop in October, cement shows slight annual rise

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Update time : 2024-11-13 18:52:29

The unit price index of steel and metal recorded a decrease of between -0.6 per cent and -4.9 per cent in most parts of Malaysia in October 2024, said the Department of Statistics Malaysia (DOSM).

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Chief statistician Datuk Seri Mohd Uzir Mahidin said the highest decrease occurred in Perak (-4.9 per cent), followed by Selangor, Kuala Lumpur, Melaka, and Negeri Sembilan (-2.0 per cent), as well as Penang, Kedah, and Perlis (-1.2 per cent).

“The unit price index of steel declined between -0.4 per cent to -3.2 per cent in nearly all regions of Malaysia. Additionally, the unit price index for cement showed a slight decrease ranging from -0.1 per cent and -0.7 per cent in several areas in October 2024,” he said in a statement.

On an annual comparison between October 2023 and October 2024, the cement unit price index increased by 0.2 per cent to 3.0 per cent across most Malaysian regions.

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