JulyTHE STEEL NOTICEBOARD
2023

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

02 Rebar

03 Steel Wire Rod

RM2,488 - RM2,550

RM2,739 - RM2,841

RM2,768 - RM2,908

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

05 Iron Ore

RM1,614 - RM1,752

RM447 - RM513

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02Trade Performance
Malaysia's Trade
Performance
January-July 2023
Malaysia’s iron and steel total trade value in July 2023
contracted by 1.8 percent to RM5.4 billion compared to RM5.5
billion in July 2022 for the same period. Trade balance has
improved to trade deficit of RM61.1 million from trade deficit ofRM218.9 million for the same comparison period.
Malaysia’s iron & steel export in July 2023 down by 3.7 percent
to RM2.6 billion from RM2.7 billion in July 2022. Three main
export destinations in July 2023 were Singapore, Hong Kongand Korea accounting for 17.5, 12.8 and 4.7 percent of the totalexport value respectively.
Malaysia’s iron & steel import in July 2023 declined by 6.9percent from RM2.9 billion in July 2022 to RM2.7 billion in July
2023 . Imports from China, Korea and Japan accounted for thetop three (3) spots representing 28.2, 13.5 and 11.3 percent of
the total import value respectively.
From January to July 2023, the total trade value of the iron andsteel products stood at RM35.4 billion in 2023 compared toRM41.6 billion in the same period in 2022, a reduction by 14.9percent. Further, the trade balance improved from a trade
deficit of RM967.3 million in 2022 to a trade deficit of RM904.9million in 2023 during the same period of comparison.
by Juliana Ahmad

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Malaysia Trade Performanceof Iron & Steel Industry
Month Trade Value
July 2023: RM5.4 billion

1.8% M-o-M change

July 2022: RM5.5 billion

Month Balance of Trade
July 2023: RM61.1 million
Trade Deficit

72.1% M-o-M change

July 2022: 01
RM218.9 million
Trade Deficit

Month02 Export
July 2023: RM2.6 billion

3.7% M-o-M change

July 2022: RM2.7 billion

Month Import
July 2023: RM2.7 billion

6.9% M-o-M change

July 2022: RM2.9 billion

YTD Trade Value
Jan - July 2023: RM35.4 billion

14.9% Y-o-Y change

Jan - July 2022: RM41.6 billion

YTD Balance of Trade
Jan - July 2023: RM904.9 million
Trade Deficit
Jan - July 2022: RM967.3 million
Trade Deficit

6.5% Y-o-Y change

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04

BMDAM 34th Annual Golf
Tournament Dinner
On 21 July 2023, MSI engaged withmembers of Building Materials
Distributors Association of Malaysia(BMDAM) during the BMDAM 34thAnnual Golf Tournament Dinner heldat Tropicana Golf and Country
Resort. The event was also attended
by steel industry players andassociations.
by Lai Leong Chon

MSI Visits Guanglei Steel Structure Engineering Malaysia Sdn.
Bhd.
MSI paid a courtesy visit to Guanglei Steel Structure Engineering Malaysia Sdn. Bhd.,
located in Kuala Lumpur, on 25 July 2023. The objective of the visit is to a have better
understanding of Guanglei and the products manufactured in Malaysia. Guanglei wasestablished in 2019, dealing with construction engineering products that provides steel
structure design, fabrication and installation services and aims to support Malaysia asa hub for expanding to overseas markets.
by Lee Hooi Lan

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ARCHIDEX 2023
Mr. Jarrod Lim stepped forward to offer his unwavering support to the steel industry byroping in several members of MSI, namely Bimage Consulting, NS Bluescope, Huatraco
Scaffold (Hiap Teck), and CSC Steel to participate in the ARCHIDEX 2023 exhibition
held on 26 July 2023. The event took place at the Kuala Lumpur Convention Centre(KLCC).
Mr. Lim Keng Yow, by lending his support highlights his commitment in fosteringcollaboration and growth of the industry by helping to promote the industry players.
Through such support, it created the spirit of unity and cooperation that underpins thesuccess of such exhibitions and industry events and of course, for the benefit of thesteel industry players themselves.
by Syafiq Daniel

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06

The Ministry of Investment, Trade, andIndustry (MITI) organised the 'Spy Camp
Innovation in the Library 3.0' Program at MITI
involving MITI’s agencies/institutions on 27
July 2023 (Thursday). This program based on'explorace,' concept incorporating elementsof learning and thinking that involve several'pit stops,' namely MPC, MIDF, MIDA, and theNational Archives.

Spy Camp Innovation in the Library
3.0This is an annual programme by MITI's library.
A total of 27 groups and 108 participants fromMITI and related agencies and institutions
competed for cash prizes. The Malaysia SteelInstitute (MSI), as one of the agencies underMITI, joined the programme to further enliven
the celebration.
by Syakirah Ibrahim

MITI Day Penang 2023
MITI Day 2023, organised in collaboration with MITI’s thirteen agencies, was held at Midtown PERDA, Kubang
Menerong, Penang, on 30 July 2023. The annual MITI Day event, which has been a tradition since 2016, aims
to bridge the gap between the public and MITI while also spotlighting local small and medium enterprises(SMEs).
For individuals seeking employment opportunities, the MITI Day Career Exploration in Penang featured theparticipation of 16 foreign and local companies from diverse manufacturing and specialised service sectors,
including electric vehicles, electrical and electronics, automotive, food and beverage, and medicalequipment. Beyond job openings, these companies also presented internship and industry career talktraining programmes.
The inauguration of MITI Day in Penang was graced by YB Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz,
the Minister of Investment, Trade, and Industry (MITI). Notable attendees at the opening ceremony included
YAB Tuan Chow Kon Yeow (Chief Minister of Penang), YB Liew Chin Tong (Deputy Minister of MITI), and YBhg
Datuk Seri Isham Ishak (Secretary General of MITI), along with esteemed officials from the Penang State
Government, MITI, and Seberang Perai City Council.
The MITI Day also featured the conferral of the Academy in Industry (AiI) Strategic Partner and theProductivity Champion certificates. Besides this, other events included the launch of the Industry Led
Professional Certificate Program (IPC) and the presentation of participation certificates to MIDA Career
Exploration Exhibitor Companies were also held.
MITI Day 2023 was made more memorable with other activities such as stalls for SME entrepreneurs,appearances by local celebrities, aerobics/zumba sessions, food trucks, and a productivity fun run.
by Syakirah Ibrahim

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New Industrial Master Plan (NIMP)
2030 Workshop

On 1 July 2023, MSI provided inputs for the iron and steel industry
during the workshop attended by various ministries andgovernment agencies to ensure inclusivity of all perspectives for thesustainability of the industry. The New Industrial Master Plan (NIMP)
2030 is expected to be launched in September 2023 with the aim ofdriving industrial development, where the Metal sector has been
identified as one of the key sectors.
by Lai Leong Chon

CIDB Holdings (CIDBH) Launched Assure System and Information
Centre in China

CIDBH launched its new system called ASSURE, which is an online system to facilitate Product Certificationand Testing process for importers of construction products and materials at Guangzhou, China, on 10 July
2023. The event saw over 300 potential and existing partners streaming live from Beijing, Shanghai, Wuhan,Shenzhen and as well as from other cities in China.

The launch was followed by the exchange of MoUs by CIDBH with its strategic partner and collaborators, MCC
Overseas (M) Sdn. Bhd, CABR (China Academy of Building Research Jianshuo – Beijing C., Ltd), Guangzhou
Intelligence Quality Assurance Co. (IQA) and PROVA Inspection & Testing Co., (H.K.) Ltd. The ceremony waswitnessed by the Chief Executive of CIDB Malaysia, Datuk Ir. Ahmad ‘Asri Abdul Hamid and Consul General ofMalaysia in Guangzhou, Madam Suraya Ahmad Pauzi. Also present at the event was the General Manager ofChina Foreign Trade Guangzhou Exhibition Co., Ltd. (CFTE), Liu Xiao Min; CIDB Malaysia Senior General
Manager, Zainora Binti Zainal; Deputy C.E.O. of CIDBH, Mohd Azizi Ali; General Manager of CIDBH, MohamadFaris Hj Ahmad and CIDBH Information Centre Representative, Zhang Guo Liang. The MOU outlines
collaboration in areas related to construction materials testing and inspection.
Mr. Jarrod Lim, as the CEO of MSI, played a pivotal role in supporting CIDB Holdings throughout thismomentous launch. His expertise and commitment to advancing the iron and steel industry were evident in
his active involvement in bringing ASSURE to fruition.
by Syafiq Daniel
Note: To access comprehensive
information about the launch of theAssure System and Information
Centre in China by CIDB Holdings(CIDBH), please visit the official
CIDBHoldings
websiteathttps://cidbholdings.com.my/2023/
07/13/cidb-holdings-cidbhlaunched-assure-system-andinformation-centre-in-china/.

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08

Launching of Iron and Steel Training Programme - Extensive
Training 2023 Batch 6

On 10 July 2023, MSI conducted a briefing forparticipants of the Iron and Steel Training Programme Extensive Training 2023 Batch 6. A total of 9participants participated in the 15-day training
programme. The participants will be recruited byMycron Steel CRC Sdn. Bhd., Ann Joo Steel Bhd., andSoon Hing Hardware Sdn. Bhd. after training.
by Lai Leong Chon

Briefing to Participants RMK-12 Upskilling of Specific TechnicalKnowledge Training Batch 4 at Alliance Steel (M) Sdn. Bhd.
The fourth batch of the RMK-12 Iron and Steel Industry Training Programme commenced at Alliance Steel (M)Sdn. Bhd. in Kuantan on 17 July 2023. Ten existing employees from the company have participated in thistraining program. The main focus of the programme is to enhance their knowledge about the rolling mill processand product quality. The training, which lasted for 10 days, was conducted virtually by several international
trainers from the Eastern Branch of the China Iron and Steel Research Institute (CISRI). To ensure effective
communication and understanding, a local tutor was also present on site for translation and demonstration
purposes. MSI believes that this training programme will greatly benefit the company's employees andcontribute to their professional development directly and in turn help to improve the company’s productivity.
by Lai Leong Chon

Note: This training is at no cost to thecompany. Any company interested toget more details kindly contact: Mr.
Leon @Tel: 03-6208 4653 or email:leon@malaysiasteelinstitute.com

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09Public Training - Possible Impact of RCEP and CPTPP On Iron &Steel Industry – Malaysia

On 25 July 2023 - MSI conducted the 3rd training on Regional Comprehensive Economic Partnership (RCEP)
and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for seven companies in
the iron and steel industry. The training course aimed to unravel the complexities of the two (2) regional trade
agreements according to the needs of the participants, including their implications or impacts on an overallbasis or by particular sector. As the topic is very broad, the actual course was tailor-made to meet therequirements of the participants.
by Lai Leong Chon

Briefing Upskilling Training Programme Batch 5 at Ann Joo SteelBerhad
On 31 July 2023, the fifth batch of the RMK-12 Iron and Steel Industry Training Programme Upskilling of SpecificTechnical Knowledge Training began at Ann Joo Steel Berhad. A total of 10 technicians, supervisors andengineers from the company participated in the training to gain knowledge on the rolling process and productquality. The course, which lasted for 10 days, was led by several experienced international trainers with thesupport of local tutors based on their expertise on each subject.
by Lai Leong Chon

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10

Steel FactsDID YOUKNOW?

Fun fact aboutsteel

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11Extra Steel Information
Key Minerals in an Electric Vehicle

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12

GLOBAL
STEEL

NEWS

China to safeguard stable growth insteel industry
Beijing has not yet issued a mandate for zero growth in annual steel output,
as it has in the past two years
BY SIYI LIU, AMY LV AND DOMINIQUE PATTON, REUTERS NEWS25 AUGUST 2023
SOURCE: HTTPS://WWW.MORGANSTANLEY.COM/IDEAS/GREEN-STEEL-LOW-CARBON

An employee walks inside the China Steel production factory in Kaohsiung May 18, 2010.
China Steel, Taiwan's top steel maker, sees the price of iron ore rising 30 - 50 percent inthe next quarter, President Tsou Jo-chi told Reuters in an interview, while taking aswipe at "greedy" suppliers. REUTERS/Pichi Chuang (TAIWAN - Tags: ENERGY BUSINESSIMAGES OF THE DAY) - RTR2E1CE
Reuters Images

China is aiming to achieve a supply and demand balance in its steelmarket this year, the industry ministry said on Friday, even as the market
faces mounting pressure from a floundering economy and ongoingproperty market woes.
The world's top steelmaker has long struggled with excess capacity, andthis year has been further hit by weak demand from the property market,
its biggest consumer.
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13

The statement issued jointly by the Ministry of Industry and Information
Technology, the National Development and Reform Commission andother government bodies, did not specify how the sector would achieve a
supply-demand balance.
Beijing has not yet issued a mandate for zero growth in annual steel
output, as it has in the past two years.
The statement also said Beijing will strengthen its supervision of the ironore market in 2023 to 2024, and set up a supply and demand alerting
system.
With heavy reliance on overseas supply, Beijing will support Chinese ironore companies in investing in transformation and will promotecompanies cooperating in overseas iron ore exploration, especially inneighbouring countries, according to the statement.
It also aims to expand imports of recycled steel raw materials, thestatement said.
China also aims to increase output of 10 non-ferrous metals by 5% in
2023-2024, the industry ministry said in a separate document issued onFriday.
Output of 10 non-ferrous metals in the country totalled 42.32 million
metric tons in the first seven months this year, up 7% from the same
period a year earlier and the highest for the period, according to theNational Bureau of Statistics and Reuters' records. (Reporting by Siyi Liu,Amy Lv and Dominique Patton; Editing by Simon Cameron-Moore)

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14

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 standardizationand 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

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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

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ThankYouBecause, 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

Telephone

03-6207 1030 (Syafiq Daniel)
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EmailSyafiq Daniel: daniel@malaysiasteelinstitute.com
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