Putrajaya: Malaysia’s Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the steel unit price index in almost all regions of Peninsular Malaysia, Sabah and Sarawak in December 2024 would increase between 0.1% and 4.6% compared to the previous month in a monthly comparison. Shortage was observed.
The biggest decline was recorded in Perak (-4.6%), followed by Tawau (-2.3%) and Sandakan (-2%).
Furthermore, Mohd Uzir also revealed that the unit price index of steel and metal sections declined between negative 0.3% to -0.8% for almost all sectors of Peninsular Malaysia, Sabah and Sarawak in December 2024 compared to the previous month. Was done. Meanwhile, he said the unit price index of cement remained unchanged for almost all sectors in Peninsular Malaysia, Sabah and Sarawak in December 2024.
An annual comparison for the period December 2023 and December 2024 indicates that the unit price index of cement increased between 0.1% and 2.8% for almost all regions of Peninsular Malaysia, Sabah and Sarawak.
The highest increase was recorded in Selangor, WP Kuala Lumpur, Malacca and Negri Sembilan (2.8%), followed by Pahang (2.7%), Penang, Kedah and Perlis and Perak (1.5%) respectively.
Nevertheless, the annual comparison of the unit price index of steel recorded a decline of between -1.7% to -9.7% in December 2024 compared to the same month last year for almost all regions of Peninsular Malaysia, Sabah and Sarawak. The biggest decline was recorded in Perak (-9.7%).
Mohd Uzir said the average price per unit of steel, which includes mild steel round bars and Mycon 60 high tensile deformed bars, decreased compared to the previous month with an average price of RM3,588.30 per metric tonne (-1.1 %) has been recorded. (November 2024: RM3,628.90 per metric tonne).
The average price of this material is declining from July 2024. Meanwhile, the average price of cement (ordinary portland) in December 2024 remained unchanged from the previous month with an average price of RM23.25 per 50kg bag.
BCI with steel bars for all building categories recorded a marginal decline between -0.1% to -1.9% in December 2024 compared to the previous month. A decrease in BCI with steel was recorded for almost all building categories except timber piling in Penang, Kedah and Perlis, Johor and Selangor, WP Kuala Lumpur, Malacca and Negri Sembilan.
Moreover, the index of almost all other building categories in Terengganu and Kelantan remained unchanged.
Additionally, the BCI with steel bars in Sabah observed a slight decrease of between -0.2% to -0.8% for almost all building categories (except timber building and timber piling) in Kota Kinabalu and Sandakan.
Meanwhile, in Tawau the BCI reported an increase in the index of Single Story (Reinforced Concrete) Building (0.1%), Single Story Steel Frame (Building) (0.2%) for almost all categories of buildings from -0.1% to -0.9%. Recorded a decrease between. ) and timber buildings (0.5%).
Monthly comparison of BCI with steel bars in Sarawak for December 2024 recorded a slight decrease of between -0.2% to -0.5% for almost all categories of buildings (except timber buildings and timber piling) in Kuching and Sibu. However, a slight reduction in BCI between -0.1% and -0.2% was observed with steel bars for almost all building categories in Miri.
