Industry News

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

Views : 433
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).

-Advertisement-
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.

Related News
Read More >>
Indonesia Tsingshan raises prices, supporting Taiwan's stainless steel prices in March Indonesia Tsingshan raises prices, supporting Taiwan's stainless steel prices in March
Feb .26.2026
Indonesia Tsingshan raises prices, supporting Taiwan's stainless steel prices in March
Taiwan’s Yusco raises stainless steel prices for Mar as production costs rise Taiwan’s Yusco raises stainless steel prices for Mar as production costs rise
Feb .26.2026
Taiwan’s Yusco raises stainless steel prices for Mar as production costs rise
Embraer & Hindalco ink MoU to explore aerospace aluminum production in India Embraer & Hindalco ink MoU to explore aerospace aluminum production in India
Feb .26.2026
Embraer & Hindalco ink MoU to explore aerospace aluminum production in India
Taiwan’s Tang Eng ups stainless steel prices for Mar Taiwan’s Tang Eng ups stainless steel prices for Mar
Feb .26.2026
Taiwan’s Tang Eng ups stainless steel prices for Mar