Which Malaysian areas saw the biggest drop in steel prices?

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Steel Prices Declined Across Most Malaysian Regions in September 2023

The price index for steel in Malaysia experienced a month-on-month decline in September 2023, with decreases ranging from 0.1 per cent to 4.0 per cent across almost all areas. This overall reduction in steel prices was observed in most regions of Peninsular Malaysia, as well as in Sabah and Sarawak, indicating a widespread trend of falling construction material costs.
Widespread Price Reductions for Steel

The Department of Statistics Malaysia (DOSM) reported that the unit price index for steel, alongside other construction materials like sand, bricks, and plumbing supplies, saw a decrease in most areas during September compared to August. This broad-based decline suggests a general softening in the market for these essential building components across the nation.
Average Steel Price Experienced a Slight Dip

Nationally, the average price per metric tonne for steel, which includes mild steel round bars and Mycon 60 high tensile deformed bars, stood at RM3,586.98 in September. This figure represented a marginal decrease of 0.9 per cent when contrasted with the average price recorded in August, further substantiating the downward trend in steel commodity prices.
Regional Price Index Movements

While the data indicates a general fall in steel prices across "almost all areas" and "most areas," the specific geographical locations that experienced the most significant drops in their respective price indices were not detailed. The report focuses on the overall trend and average national figures rather than highlighting particular regional variations in the extent of the price decline for steel.

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Which Malaysian areas saw the biggest drop in steel prices?

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