Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Malaysian government has approved Hebei Xinwu’an Iron and Steel Group’s plans to set up a large integrated steel plant in the country. The Chinese steelmaker intends to begin construction soon. 


According to media reports, the 10mn mt per year facility will be set up in Samalaju Industrial Park in Sarawak, Malaysia in three phases. The first phase involves an investment of MYR 13bn ($3.1bn) and will lend the steelworks a capacity to produce 5mn mt of hot-rolled coil and steel plates per year.


Reports have not outlined a timeline for the completion of the construction phases, but reports indicate that setting up this steel plant could drive up the demand for iron ore to Malaysia. 

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