Malaysia's steel consumption seen to grow in 2024

  • Monday, July 15, 2024
  • Source:ferro-alloys.com

  • Keywords:Malaysia steel consumption
[Fellow]According to him, earlier investment in the semiconductor sector in Malaysia is expected to boost flat steel demand.

[Ferro-Alloys.com]

Malaysia's apparent steel consumption (ASC) is expected to improve from last year's level of 7.9 million tonnes (mt), underpinned by the country's infrastructure projects, the Malaysian Iron and Steel Industry Federation (MISIF) said Monday.
 
"We see positive growth in ASC to around 8.3 mt this year. If all government's infrastructure projects kick in, the demand could surge past 9 mt. Then we are moving closer to our previous peak," the association's president Lim Hong Thye said at a press conference.
 
According to him, earlier investment in the semiconductor sector in Malaysia is expected to boost flat steel demand.
 
Meanwhile, the government's spending to spur the economy through infrastructure projects such as the Light Rail Transit project in Penang and Mass Rapid Transit (MRT) 3 project will remain key drivers for long-term product demand. (Xinhua)
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
  • [Editor:kangmingfei]

Related News

·Calcium Metal Market Performance Weekly（July.8-July.12）07-12
·Dispute between Gerdau and Petrobras halts operation of shipyard i...07-12
·US inflation cools again, potentially paving way for Fed to cut in...07-12
·Vale, Komatsu and Cummins announce collaboration to develop Dual F...07-12
·Chinese precast technology plays big role in Kenyan construction s...07-12

Tell Us What You Think

please login!   login   register

  • Buy & Sell

 
Please be logged in to comment!