Which Malaysian states saw the highest steel price increase year-on-year?

Question

Accepted Answer

Perak Recorded The Highest Year-on-Year Steel Price Increase

In July 2026, the unit price index for steel experienced a year-on-year increase across most regions of Peninsular Malaysia, Sabah, and Sarawak. The most significant rise was observed in Perak, which saw an 8.4 per cent increase in its steel price index. This upward trend in steel prices is a component of broader movements in construction material costs.
Perak Led Year-on-Year Steel Price Index Growth

The Department of Statistics Malaysia (DOSM) reported that the unit price index for steel rose by between 0.5 per cent and 8.4 per cent year-on-year in July 2026. Perak registered the highest percentage increase within this period, reaching 8.4 per cent. This data reflects a general upward movement in the cost of steel across various Malaysian states.
Johor and Pahang Also Experienced Notable Increases

Following Perak, Johor recorded a substantial year-on-year increase in its steel price index of 6.3 per cent. Pahang also saw a significant rise, with its steel price index increasing by 4.8 per cent during the same period. These figures highlight a consistent pattern of price appreciation for steel in several key Malaysian states.
Factors Influencing Steel Prices

While the provided data focuses on specific price index movements, general factors influencing steel prices in Malaysia often include global commodity prices, particularly for iron ore and coking coal, which are primary raw materials. Domestic demand, driven by construction and infrastructure projects, also plays a crucial role. Furthermore, government policies related to trade, tariffs, and environmental regulations can impact production costs and, consequently, market prices for steel products.

Reading history

Hide →

This history is cleared when the page is closed.

Which Malaysian states saw the highest steel price increase year-on-year?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

2

0

0

Share with friends