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The Malaysian government KR R/D40 steel recently announced the implementation of a two-year "capacity freeze order" aimed at addressing the problem of steel oversupply and providing steel manufacturers with time for business adjustments.
According to the new policy, steel manufacturing licenses that meet decarbonization requirements will be exempted, such as companies producing low-carbon steel products or applying decarbonization technologies, aimed at promoting the development of green steel technology.
Although Malaysia has attracted a large amount of green steel investment, the problem of oversupply of steel still exists. Data KR R/D40 steel shows that Malaysia's steel consumption has been increasing year by year, but production capacity far exceeds demand, leading to intensified competition within the industry.
This policy has affected the capacity expansion and manufacturing diversification plans of all steel mills. Some market participants have expressed that the Malaysian steel industry needs to increase innovation and investment in addressing oversupply issues to enhance competitiveness and sustainable development capabilities KR R/D40 steel.
