Uphill task for local iron and steel makers

Lim said the costs of adopting cleaner technologies remained a major concern and industry players in the country are unable to fund plant upgrades by using their internal funds alone.

SHAH ALAM: The iron and steel making industry is facing an uphill task to significantly reduce its greenhouse gas emissions and move towards carbon neutrality, says Malaysian Iron and Steel Industry Federation (Misif) president Datuk Lim Hong Thye.

This is because the industry, which is power intensive in nature, does not appear to have viable alternative renewable power sources at costs that are commercially viable, according to Lim.