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

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).

“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.