KUALA LUMPUR: The Ministry of Investment, Trade, and Industry (MITI) has received approval from the National Investment Council (NIC) to extend the current moratorium for the Malaysian iron and steel sector, which is set to end in August 2025.
MITI said the extension covers the upstream sector of long steel products and that a review of the moratorium period will be carried out once existing domestic players reach nearly 80% capacity utilisation.
