September
THE STEEL NOTICEBOARD2023

https://malaysiasteelinstitute.com/

Average Monthly Steel Products Selling Price(per MT)
01 Billet

02 Steel Bar

03 Steel Wire Rod

RM2,567 - RM2,617

RM2,677 - RM2,711

RM2,845 - RM2,890

Average Monthly Raw Material Price(per MT)04 Scrap Iron

RM1,628 - RM1,752

05 Iron Ore

RM404 - RM588

https://malaysiasteelinstitute.com/

02Trade Performance
Malaysia's TradePerformance
January-September 2023
Malaysia’s iron and steel total trade value in September 2023
maintained RM5.2 billion compared to September 2022. Tradebalance has widened to trade deficit of RM644.3 million fromtrade surplus of RM341.9 million for the same comparison
period.
Malaysia’s iron & steel export in September 2023 contracted by
17.9 percent to RM2.3 billion in 2023 from RM2.8 billion in
September 2022. Three main export destinations in September
2023 were Hong Kong, Singapore and Indonesia accounting for
19.1, 11.0 and 10.6 percent of the total export value respectively.
Malaysia’s iron & steel import in September 2023 grew by 20.8
percent from RM2.4 billion in 2022 to RM2.9 billion in 2023.
Imports from China, Japan and Taiwan accounted for the top
three (3) spots representing 25.6, 12.7 and 10.3 percent of thetotal import value respectively.
From January to September 2023, the total trade value of theiron and steel products stood at RM45.8 billion in 2023
compared to RM52.6 billion in the same period in 2022, a
reduction by 12.9 percent. Further, the trade balance widened
from a trade deficit of RM604.3 million in 2022 to a trade deficitof RM1,051.3 million in 2023 during the same period ofcomparison.

by Juliana Ahmad

https://malaysiasteelinstitute.com/

03

Malaysia Trade Performanceof Iron & Steel Industry
Month Trade Value
September 2023: RM5.2 billion

0% M-o-M change

September 2022: RM5.2 billion

Month Balance of Trade
September 2023: (RM644.3 million)
Trade Deficit

288.4% M-o-M change

September 2022:
01 RM341.9 million
Trade Surplus

Month02 Export
September 2023: RM2.3 billion

17.9% M-o-M change

September 2022: RM2.8 billion

Month Import
September 2023: RM2.9 billion

20.8% M-o-M change

September 2022: RM2.4 billion

YTD Trade Value
Jan - Sept 2023: RM45.8 billion

12.9% Y-o-Y change

Jan - Sept 2022: RM52.6 billion

YTD Balance of Trade
Jan - Sept 2023: (RM1,051.3 million)
Trade Deficit
Jan - Sept 2022: (RM604.3 million)
Trade Deficit

74.0% Y-o-Y change

https://malaysiasteelinstitute.com/04

Launching of The New Industrial Master Plan (NIMP) 2030
On 1st September 2023, The New Industrial Master Plan (NIMP) 2030 was launched at MITI Tower. The event wereinaugurated by Prime Minister YAB Dato’ Seri Anwar Ibrahim.
The NIMP 2030 is the fourth edition of the Industrial Master Plan (IMP) and provides guidance in transforming
Malaysia's manufacturing base by ensuring broad-based growth, in line with the MADANI Economy's vision. NIMP
2030 aims, besides making Malaysia's industries stronger and more resilient in the long run but also connecting
local industries together, and getting our industries to play a bigger role in the world market.
by Syafiq Daniel

Source: Official Facebook: Ministry of Investment, Trade and Industry, Malaysia

https://malaysiasteelinstitute.com/

05

MSMDA 80th AnniversaryMr. Lim Keng Yow, CEO of MSI, on 8th September
2023 attended the Malaysia Steel and Metal
Distributors’Association’s(MSMDA)
80thAnniversary Dinner held at Tan Sri Yeoh Tiong Lay
Hall, Wisma Huazong, Seri Kembangan, Selangor.
This grand dinner provided the platform tostrengthen relationships and bring closer thelocal and overseas associations, steel millers,traders, and business associates.
by Syafiq Daniel

Photo by: Official Website: Malaysia Steel andMetal Distributors’ Association

Global Halal Summit (GHaS) 2023
The Global Halal Summit (GHaS) 2023 organised by the Malaysia External Trade Development
Corporation (MATRADE), an agency under the Ministry of Investment, Trade, and Industry (MITI), washeld in collaboration with the Department of Islamic Development Malaysia (JAKIM), Department ofStandards Malaysia (JSM) and the Halal Development Corporation (HDC).
The GHaS 2023 Opening Ceremony took place on 12 September 2023 at the Malaysia International
Trade and Exhibition Center (MITEC) in Kuala Lumpur.
The GHaS 2023 featured the following programmes:
The 13th Halal Certification Body Convention (HCBC)
Global Halal Industry Congress (GHIC)
The 19th Malaysia International Halal Showcase (MIHAS) 2023
Halal Sector Forum
Seminar on Halal Profession
by Syakirah Ibrahim

Photo by: Official Website: Ministry of Investment, Trade and Industry, Malaysia

https://malaysiasteelinstitute.com/06

ASSURE System Roadshow No.2/2023
On 21st September 2023, ASSURE Sysem Roadshow No. 2/2023 was co-organised by Malaysia SteelInstitute (MSI) and CIDB Holdings Sdn. Bhd. (CIDBH). The ceremony started with a speech from Mr.
Supian Musa, CEO of CIDBH. The roadshow also saw the presence of Mr. Lim Keng Yow, CEO of MSI andGeneral Manager of CIDB Malaysia and.
Before the start of the main event, a special briefing was given by Ms. Rashimah Adenan related toCIDB Act 520 (Amendment 2011). The main event started with Mr. Zahari introducing the CIDBH
background, followed by Mr. Hafiz presenting on how to use the ASSURE System to the participants.
The event showcased guest speakers, with Mr. Yong Tzen Wae from Hasilwan (M) Sdn. Bhd. providing
insights on renewable energy and Mr. Leon Lai from MSI introducing a training program tailored forthe iron and steel industry.
by Syafiq Daniel

https://malaysiasteelinstitute.com/08

Briefing RMK-12 Extensive Training Programme (7th Batch)
On 12th September 2023 MSI conducted abriefing to the 7th batch of participants of theIron and Steel Training Programme Extensive Training 2023. A total of 26 newworkers from ZXT Ruifeng Sdn. Bhd
participated in the 15-day training program.
The workers were from various departments
such as steelmaking, rolling, maintenance,and logistics. The participants were highly
satisfied with the experience and expertise of
the trainers and recommended that themanagement let more new workers from thecompany to join the training.
by Leon Lai

Coordinate Training – HIRARC Amsteel Mills Sdn. Bhd.
On 18th September 2023, MSI organised a training
session on Hazard Identification, Risk Assessment,and Risk Control (HIRARC) at Amsteel Mills Sdn.
Bhd.’s premise in Shah Alam. The training wasattended by 23 participants. The HIRARC training
program is a comprehensive and educational
initiative designed to raise awareness andpromote the importance of identifying hazards,
assessing risks, and implementing controls invarious work environments. This training program
equips participants with the knowledge and skills
necessary to prevent accidents and ensure a safe
emphasized the proper usage and care of personal protective equipment (PPE) to minimize the riskof workplace hazards. Participants learn how to identify and report potential hazards, ensuring asafer working environment for themselves and their colleagues.
by Muhammad Amier

https://malaysiasteelinstitute.com/

09

Briefing RMK-12 Upskilling Training Programme (6th Batch)
The sixth batch of the RMK-12 Iron andSteel Industry Training Program was heldat Alliance Steel (M) Sdn. Bhd. (Alliance)in Kuantan on 19th September 2023. Tenemployees
fromthecompany
participated in this program, which aims
to enhance their technical knowledge
about the Rolling Mill Process andProduct Quality. The training, conductedvirtually by experienced international
trainers from the Eastern Branch of China
Iron and Steel Research Institute (CISRI),
lasted for 10 days. A local tutor and administrator were also present on-site for translation andassist in the demonstration. Based on post training feedback, Alliance informed that the trainees
have greatly benefited and is expected to boost their motivation at the workplace and support
their career development.
by Leon Lai

Customised Training – Excel Training
On 26th September 2023, MSI held an Excel training session at Mycron Steel CRC Sdn. Bhd. in ShahAlam, attended by 21 participants. This training is aimed at improving Excel skills for monitoring,
tracking, and creating practical data dashboards. Participants learned advanced Excel techniques
to work with data more efficiently and create informative dashboards. The training offered handson experience and practical applications, ensuring participants to use Excel effectively in their work.
Further, the training also equips the participants in using Excel for data-driven decision-making,contributing to their professional growth and work efficiency.
by Muhammad Amier

https://malaysiasteelinstitute.com/

09

Steel FactsDID YOU
KNOW?

Fun fact aboutsteel

https://malaysiasteelinstitute.com/

11

MALAYSIASTEELNEWSTycoon Quek’s Hong Leong considering
sale of Southern Steel stake, sources say
BY ELFFIE CHEW / BLOOMBERG
18 OCTOBER 2023
SOURCE: HTTPS://WWW.MORGANSTANLEY.COM/IDEAS/GREEN-STEEL-LOW-CARBON

Tan Sri Quek Leng Chan's Hong Leong Group isconsidering selling its majority stake in Southern SteelBhd and seeking a valuation of as much as US$200million (RM944 million) for the unit.
(Oct 25): Hong Leong Group, a conglomerate controlled
by billionaire Tan Sri Quek Leng Chan, is considering
selling its majority stake in Southern Steel Bhd. andseeking a valuation of as much as US$200 million (RM944million) for the unit, people familiar with the matter said.
The company is working with advisers on the planned divestment of its 70% stake in the Kuala
Lumpur-listed arm, the people said. A deal could value Southern Steel Bhd between US$100 million to
US$200 million, the people said. At the top of the range, it would be more than double the firm’scurrent market capitalisation of about US$76 million.
Southern Steel was founded in 1963, and its galvanised sheet plant in Penang, north of Kuala Lumpur,started production two years later, according to its website. The company was listed on the Bursa
Malaysia, then known as the Kuala Lumpur Stock Exchange, in 1993. Hong Leong, which was Southern
Steel’s partner since 1981, became the largest shareholder after buying shares from others includingNatSteel.

https://malaysiasteelinstitute.com/

13

Date//Time//Year

About MSI
Malaysia Steel Institute (MSI) is an industry driven enterprise
supported and funded by the Ministry of Investment, Trade &Industry (MITI) on shared responsibility basis with the industry. The
main objectives of MSI are to promote and develop thecompetitiveness, resilience and sustainability of the Malaysian Ironand steel industry; to provide advisory services and to carry out
commission or promote the study of scientific, technology andeconomic aspects of iron and steel industry development inMalaysia; and to promote iron and steel product standardization
and utilization within Malaysia. For more information, please visit
malaysiasteelinstitute.com and follow us on Facebook, Twitter,
LinkedIn and YouTube.
Tell us what you think of our newsflash. Your input will help us
improve our services to you.

Comms.MSIOur Super Team

Syakirah Ibrahim

Assistant Manager, IRL

Jarrod Lim

Chief Executive Officer

Syafiq Daniel
Executive, IRL

https://malaysiasteelinstitute.com/15

TRAINING PROGRAMME
2023
PROGRAMME LIST:QUALITY MANAGEMENTSAFETY MANAGEMENTTRADE PRACTICESTECHNICALSOFT SKILLSENVIROMENTAL, SOCIAL AND
GOVERNANCE (ESG)
Scan for more info

More Informationwww.malaysiasteelinstitute.com
training@malaysiasteelinstitute.com

January 2023

https://malaysiasteelinstitute.com/ThankYou
Because, we're here to help
Thank you for taking the time to read this Newsflash. Yourattention and interest are greatly appreciated. If you haveany questions or comments, please feel free to reach out tous.

Address

Level 26, Menara MITI,
No. 7 Jalan Sultan Haji Ahmad Shah,
50480 Kuala Lumpur

Telephone03-6207 1030 (Syafiq Daniel)03-6208 4657 (Syakirah Ibrahim)

EmailSyafiq Daniel: daniel@malaysiasteelinstitute.com
Syakirah Ibrahim: syakirah@malaysiasteelinstitute.com

Websitewww.malaysiasteelinstitute.com