WorldSteel's latest projection on Malaysia's ASC indicates that the nation is on track to achieve 12.4 million MT by 2025.
Malaysia’s Apparent Steel Consumption On Track to Surpass 12 million MT by 2025
Category: Insights
Steel Growth in South East Asia Slated as One of the Best in the World
With an apparent steel use (ASU) per capita of just 130kg--the third-lowest in the world--and a population size of about 640 million people, South East Asia has become an attractive steel investment destination.
ASEAN is Malaysia’s Single Largest Export Destination for Iron and Steel Products
Malaysia exports nearly 30% of its iron and steel products to its ASEAN neighbours, which is Malaysia's largest single export destination if ASEAN were a country.