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

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