Price of steel down across most parts of Malaysia


The unit price index of steel and metal sections registered a decline of between 0.3% and 0.8%.

KUALA LUMPUR: The unit price index of steel recorded a decrease of between 0.1% and 4.6% across most parts of Malaysia in December 2024 compared to the previous month, says the Statistics Department.

Chief statistician Datuk Seri Mohd Uzir Mahidin said the highest decrease was observed in Perak (down 4.6%), followed by Tawau (down 2.3%) and Sandakan, which was down by 2%.

“The unit price index of steel and metal sections registered a decline of between 0.3% and 0.8% in almost all areas in Malaysia in December 2024 compared to November,” he said in a statement.

Meanwhile, the unit price index of cement remained unchanged across most areas in Malaysia in December 2024.

An annual comparison for December 2023 and December 2024 indicated that the unit price index of cement increased between 0.1% and 2.8% for almost all areas in Malaysia.

The highest increases were recorded in Selangor, Kuala Lumpur, Melaka and Negri Sembilan (2.8%).

This was followed by Pahang (2.7%), Penang, Kedah, Perlis and Perak (1.5%). — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Global stocks inch up, oil steady before US CPI
Vstecs 2Q net profit jumps 50% to RM30.31mil on strong growth across all business segments
Ringgit ends higher vs greenback ahead of US inflation data
Binasat's unit to receive RM32.19mil refund after Empire City SPA termination
Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short
Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecasts
IEA slashes 2026 supply forecast as Hormuz reopening remains elusive
EITA Resources unit undertakes RM62.3mil upgrading job from Prasarana
PTT Synergy to construct warehouses for Bank Rakyat cooperative
Southern Score Builder's unit bags RM105mil Puncak Alam data centre contract

Others Also Read