Masteel raises industry benchmarks

Masteel MD/CEO Tai said the group aimed to reduce emissions by a further 10% by 2026, and 15% by 2031.

PETALING JAYA: Malaysia Steel Works (KL) Bhd (Masteel) has raised industry benchmarks as the first “ultra low carbon emission” integrated steel mill in Malaysia, with its inclusion in the FTSE4GOOD Bursa Malaysia Index in December 2022.

In a statement, the integrated steel manufacturer said it decreased its greenhouse gas or GHG emissions by 47% from 2017 to 2021, due to the reduction in Scope 1 emissions from the steel-making process as a result of the transition to new steel-making technologies starting in 2018.