Which regions in Peninsular Malaysia experienced the most significant steel price decrease?

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Steel Prices Saw Widespread Declines in Peninsular Malaysia in September 2023

In September 2023, the price index for steel in Peninsular Malaysia experienced a notable decrease, affecting nearly all areas. This downward trend was consistent across various construction materials, with steel showing a month-on-month reduction in its unit price index in most regions of Peninsular Malaysia, as well as in Sabah and Sarawak.
Widespread Price Index Reduction for Steel

The Department of Statistics Malaysia (DOSM) reported that the price index of steel saw a drop ranging from negative 0.1 per cent to negative 4.0 per cent per unit of steel in almost all surveyed areas when compared to August. This indicates a broad-based decline rather than a localized phenomenon.
Decrease Across Peninsular Malaysia, Sabah, and Sarawak

A comparative analysis of construction materials and selected regions revealed a general decrease in the unit price index for materials like steel. This trend was observed in most areas of Peninsular Malaysia, alongside Sabah and Sarawak, highlighting a consistent pattern of falling steel prices across the country.
Average Steel Price Shows Slight Decline

The average price per metric tonne of steel, which includes both mild steel round bars and Mycon 60 high tensile deformed bars, stood at RM3,586.98. This figure represents a slight decrease of 0.9 per cent when compared to the average price recorded in August.

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Which regions in Peninsular Malaysia experienced the most significant steel price decrease?

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