MAY
THE STEEL NOTICEBOARD
2023

30 January 2023

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

02 Rebar

03 Steel Wire Rod

RM2,653 - RM2,743

RM2,785 - RM2,948

RM2,823 - RM3,083

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

RM1,605 - RM1,747

05 Iron Ore

RM430 - RM523

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Trade Performance
Malaysia's Trade
Performance
January-May 2023
Malaysia’s Iron and Steel total trade value in May 2023
contracted by 6.8 percent to RM5.5 billion compared to RM5.9
billion in May 2022 for the same period. Trade balance has
widened from trade deficit of RM281.9 million to trade deficit ofRM1,070.0 million for the same comparison period.
Malaysia’s iron & steel export in May 2023 declined by 21.4
percent to RM2.2 billion from RM2.8 billion in May 2022. Threemain export destinations in May 2023 were United States,
Singapore and Hong Kong accounting for 14.0, 12.5 and 11.8
percent of the total export value respectively.
Malaysia’s iron & steel import in May 2023 rose by 6.5 percentto RM3.3 billion from RM3.1 billion in May 2022. Imports fromChina, Japan and Taiwan accounted for the top three (3)spots representing 28.3, 12.2 and 9.6 percent of the total importvalue respectively.
From January to May 2023, the total trade value of the iron andsteel products stood at RM24.4 billion in 2023 compared toRM29.4 billion in the same period in 2022, a reduction by 17.0
percent. Further, the trade balance widened from a trade
deficit of RM266.1 million in 2022 to a trade deficit of RM1,395.2
million in 2023 during the same period of comparison.
by Juliana Ahmad
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Malaysia Trade Performanceof Iron & Steel Industry
Month Trade ValueMay 2023: RM5.5 billion

6.8% M-o-M change

May 2022: RM5.9 billion

Month Balance of Trade
May 2023: RM1,070.0 million
Trade Deficit

279.6% M-o-M change

May 2022: RM281.9million
01
Trade Deficit

Month02 Export
May 2023: RM2.2 billion

21.4% M-o-M change

May 2022: RM2.8 billion

Month Import
May 2023: RM3.3 billion

6.5% M-o-M change

May 2022: RM3.1 billion

YTD Trade Value
Jan - May 2023: RM24.4 billion

17.0% Y-o-Y change

Jan - May 2022: RM29.4 billion

YTD Balance of Trade
Jan - May 2023: RM1,395.2 million
Trade Deficit
Jan - May 2022: RM266.1 million
Trade Deficit

424.3% Y-o-Y change

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"Soft Launch" Malaysia Autoshow 2023 (MAS 2023)

The Malaysia Automotive, Robotics & IoT Institute(MARii) organised the Malaysia Autoshow 2023("MAS 2023") from 4 May until 7 May 2023 at theMalaysia Agro Exposition Park Serdang (MAEPS),
themed "Mobility Redefined". The MAS 2023 is an
important strategic platform to encourage public
participation in the country's automotive industry,
as well as to strengthen cross-sector collaboration
between the automotive industry and various
sectors of technology & engineering, finance, trade,human capital development, safety and nature,among others.

MAS 2023, was officiated by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister ofInvestment, Trade and Industry (MITI) on the first day of the event.
This is the sixth edition of the autoshow featuring the latest motoring and automotive trends, including
latest technologies to provide awareness to the public on what can be expected in the near future as
Malaysia's mobility sector operates in the digital era.
by Syakirah Ibrahim

Majlis Hari Raya Networking MITI dan Agensi
On 16 May 2023, the Ministry of Investment, Trade and Industry (MITI) hosted the "Majlis Hari Raya
Networking MITI dan Agensi" event to celebrate Hari Raya Aidilfitri. This gathering aimed to strengthen
relationships among not only MITI officers and its agencies but also representatives from the various
industries as well as the diplomatic community.
The event reached new heights of grandeur with the KDYMM Seri Paduka Baginda Yang di-Pertuan
Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah gracing the event. Other dignitaries
include, KDYMM Pemangku Raja Pahang, Tengku Mahkota Tengku Hassanal Ibrahim Alam Shah Ibni AlSultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, DYMM Sultan Selangor dan DYMM Tengku
Permaisuri Selangor, DYMM Sultan Perak dan DYMM Raja Permaisuri Perak, DYTM Raja Muda Selangor,
and YAM Tunku Besar Seri Menanti. The presence of the good mix of guests added greater vibrancy toby Syafiq Daniel
the occasion.

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30th Anniversary Gala
Dinner of FMHMBA
Mr. Jarrod Lim attended the 30th Anniversary
Gala Dinner of Federation of Malaysia
Hardware, Machinery and Building Materials
Dealers' Association at Wisma Huazong tocelebrate their 30 years of service to theindustry on 20 May 2023. The dinner wasofficiated by YB Senator Tan Sri Dato‘ Low
Kian Chuan.
by Mr. Jarrod Lim

MSI Visit to CSC Steel Holdings
BerhadOn 29 May 2023, MSI visited CSC Steel Holdings
Berhad in Ayer Keroh, Melaka. The purpose of thevisit was to gain valuable information and insight
into CSC Steel's products and processes, from raw
materials (hot-rolled coils) to final products(among others prepainted galvanized coils).
by Syafiq Daniel

MSI Courtesy Call on Tampin Sin Yong
Wai Industry Sdn. Bhd.
On 29 May 2023, MSI called on Tampin Sin Yong Wai
Industry Sdn. Bhd., where Mr. Nicholas Chin, General
Manager received MSI. The company produces varioustypes and sizes of nails using wire rod as the raw material
where knowledge was shared on the production process
and challenges faced by the company.
by Syafiq Daniel

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Seminar on Recent Developments in Reinforced Steel Fabric andCompliance to Act 520
A Seminar on Recent Developments in Reinforced Steel Fabric and Compliance to Act 520 wasco-organised by MISIF, CIDB, Steel Wire Association Malaysia, and SIRIM QAS International Sdn.
Bhd. at SIRIM Berhad on 11 May 2023. The objective of this seminar was to provide an update
on Act 520 and create awareness about the reinforced steel fabric, which included:a)Overview & recent developments of reinforced steel fabric;b)Mark of conformity steel fabric to MS145 & MS146;c)Update on Act 520 & responsibility of value chain; andd)Building Related Certification.
The seminar provided the stakeholders a better understanding of the selection of complianceproducts and the penalty to be faced with in case of non-compliance with the Act 520.
by Lee Hooi Lan07

MoU Exchange between MSI-CIDBH : ASSURE System Platform
On 22 May 2023, the Malaysia Steel Institute (MSI) and CIDB Holdings exchanged an MoU atHotel Seri Pacific in Kuala Lumpur. Through the MoU, cooperation between the two parties tobe enhanced to ensure the success of the implementation of the ASSURE System platform forthe iron and steel industry in Malaysia. The event was attended by corporate agencies,
associations, and industry players.
The ASSURE platform is an online system designed to facilitate product certification andconsignment testing for importers of construction products and materials. It serves as amandatory requirement for obtaining certification of standard compliance or "Perakuan
Pematuhan Standard" (PPS). By implementing the ASSURE platform, the aim is to streamline
and simplify the certification process, ensuring that imported construction products meet therequired standards in Malaysia.
The MOU exchanged session between MSI and CIDB Holdings signifies the commitment tocollaborating and leveraging on respective expertise to make the ASSURE platform a success.
The iron and steel industry, stand to benefit, especially the importers and the construction
sector with the enhanced, efficient and effective processing of product certification that will
help to reduce demurrage charges as well as to support just in time supply of importedconstruction materials.
by Syafiq Daniel

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Briefing on RMK12 Upskilling Training Programme (Batch 1)
The training was attended by 10 existing
workers from Lion Steel Sdn. Bhd. and Amsteel
Mills Sdn. Bhd. on the topics, Module
Steelmaking Process and Product Quality. The
10-day training was conducted by several
experienced foreign trainers from the Eastern
Branch China Iron and Steel Research Institute(CISRI) and supported by a local tutor.
by Lai Leong Chon

Briefing on RMK12 Extensive Training Programme (Batch 3 & 4)
On 14 May 2023, the third and fourth batches of the RMK-12 Iron and Steel Industry Training
Programme - Extensive commenced at Kolej Ketengah in Dungun, Terengganu and theUniversity College Tati, Kemaman, Terengganu respectively. Both training venues provided
the conducive environment for participants to immerse themselves in the comprehensive
learning experience. Before the commencement of the training, an administrator from theMalaysia Steel Institute (MSI) attended the session briefed to the participants outlining its
objectives, expectations, and other key information. The participants had the opportunity
to interact with the MSI representative, gaining insights into the industry and setting thetone for an engaging training session. Spanning over a total of 15 training days, theprogramme provided participants with an extensive and comprehensive learning
experience that they could bring to their work place.
by Muhammad Amier

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Steel FactsDID YOU
KNOW?

Fun fact aboutsteel

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10Extra Steel Information
Steel is a powerful component in our modernday lives and is constantly evolving andadapting to the changing needs of the world.
Frombeingthechoiceforbuilding
infrastructure to the growing popularity ofhigh-strength-steel,thesteelindustry
continues to move forward. Our collection ofamazing facts about steel provides insights
into this versatile material.
Source: World Steel Association (worldsteel)Who were last year’s top steel producers?
Find our ranking of the 50 top steel-producing
companies here https://ow.ly/YNKM50PeTcP
Source: World Steel Association (worldsteel)GLOBAL
STEEL

NEWS

Tata Steel says it won’t reach emissions
goal with current tech
BY BLOMMBERG
30 JUNE 2023
SOURCE:HTTPS://WWW.CNBC.COM/2023/03/31/CHINAS-STEEL-DEMAND-TOSLOW-COULD-DENT-IRON-ORE-PRICES-BY-NEARLY-30PERCENT.HTML

Global steelmakers face technological hurdles as well as massive costs
to green their operations

Tata Steel says it won’t be able to achieve a goal to cut emissions by2030 unless development of new technologies is accelerated.
India’s second-largest steel producer is seeking to trim emissions fromthe current 2.5 tons of carbon dioxide for every ton of the alloy produced
to 1.8 tons in 2030, and achieve net zero by 2045. That’s even as it plansto double its Indian capacity to 40 million tons by the end of the decade.
“New technologies have to come in,” Debashish Bhattacharjee, vicepresident of technology and research and development at Tata Steel,said in an interview this week. The company is relying on use of scrap
metals to cut emissions for now, he said.
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Tata Steel says it won’t be able to achieve a goal to cut emissions by
2030 unless development of new technologies is accelerated.
India’s second-largest steel producer is seeking to trim emissions fromthe current 2.5 tons of carbon dioxide for every ton of the alloy produced
to 1.8 tons in 2030, and achieve net zero by 2045. That’s even as it plansto double its Indian capacity to 40 million tons by the end of the decade.
“New technologies have to come in,” Debashish Bhattacharjee, vicepresident of technology and research and development at Tata Steel,said in an interview this week. The company is relying on use of scrap
metals to cut emissions for now, he said.
Tata’s warning comes as global steelmakers face massive costs to green
their operations. The European Union is planning to implement taxes on
supplies from high emission-producing countries, potentially hitting
profitability of mills struggling to reach net zero targets.
Expectations that production costs will rise due to the newer
technologies will also prove to be a challenge to steelmakers,
Bhattacharjee said. The exact amount will depend on factors including
the cost of scrap and hydrogen, the ability to generate profits from otherproducts generated from carbon dioxide, and potential new carbon
taxes, he said.
Decarbonising steel industry
The global steel industry is experimenting with several decarbonisation
techniques, all of which are at an early stage of development. One of themost promising involves replacing coal with green hydrogen, which ismade using renewable power.
However, limitations in the use of hydrogen and scrap in the steelmaking
process, coupled with low quality domestic iron ore, could hamper
decarbonisation efforts, Bhattacharjee said.
“If the world largely moves to hydrogen-based direct reduced iron andelectric arc furnaces, then high quality ore will be at a premium — it’salready a premium, it will be more so,” he said. “So there is a hugeeconomic risk that we see if you go entirely in that route, even if theelectricity and hydrogen is green.”

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Two options
Tata Steel is looking at two options for its integrated plants: initial use ofnatural gas to be replaced by hydrogen in its blast furnaces, and carbon
capture, utilisation and storage.
Carbon capture and sequestration may also not be a scalable option ascompanies will need specific geographical formations to store theemissions either under the sea or in caverns. No such geologicalformations have been discovered close to eastern India where Tata
Steel’s plants are located, according to Bhattacharjee.
“So our philosophy is to work on multiple streams because there is no
single answer,” he said. All new technologies will need money fordevelopment and policy interventions from the Indian government tohelp accelerate implementation at scale, he said.

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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. Themain 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

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TRAINING PROGRAMME
2023
PROGRAMME LIST:QUALITY MANAGEMENTSAFETY MANAGEMENTTRADE PRACTICESTECHNICALSOFT SKILLSENVIROMENTAL, SOCIAL AND
GOVERNANCE (ESG)
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More Informationwww.malaysiasteelinstitute.com
training@malaysiasteelinstitute.com

January 2023

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Because, we're here to helpThank 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

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No. 7 Jalan Sultan Haji Ahmad Shah,
50480 Kuala Lumpur

Telephone

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EmailSyafiq Daniel: daniel@malaysiasteelinstitute.com
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