Product Code: ETC356366 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The iron and steel industry in Malaysia is a cornerstone of the nation`s industrial development. Market trends in this sector are closely linked to overall economic growth, as steel is an essential material in various industries, including automotive, construction, and manufacturing. Market participants should anticipate shifts in demand driven by economic fluctuations.
The iron and steel market in Malaysia is poised for growth, primarily due to the country`s robust construction and manufacturing sectors. The expansion of infrastructure projects, urbanization, and a growing population are key drivers for the iron and steel industry.
The overall iron and steel market in Malaysia is poised for expansion, thanks to infrastructure projects and industrial development. Challenges include fluctuating raw material prices and environmental regulations, which steel manufacturers need to address.
The iron and steel industry in Malaysia experienced disruptions in production and supply chain disruptions due to COVID-19. Reduced demand from industries like automotive and construction, combined with logistical challenges, impacted the overall market. However, the industry is expected to rebound as construction and infrastructure projects regain momentum.
The iron and steel industry in Malaysia is a fundamental pillar of the nation`s industrial infrastructure. Major players such as Malaysia Steel Works (KL) Bhd (Masteel) and Ann Joo Resources Berhad have been central to the development of this sector. Their expertise in manufacturing and distributing a wide range of iron and steel products makes them key players in this dynamic market.