H-shaped Steel Market size was valued at USD 10.5 Billion in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 15.8 Billion by 2033.
The H-shaped steel market in Malaysia has experienced significant growth, driven primarily by the nation's robust construction and infrastructure sectors. H-shaped steel, known for its high strength and versatility, is extensively utilized in building frameworks, bridges, and various civil engineering projects.
In recent years, Malaysia's steel production capacity has expanded notably. According to the Malaysian Iron and Steel Industry Federation, the country's crude steel production increased from 2.8 million metric tons in 2017 to 8.8 million metric tons in 2024, reflecting a compound annual growth rate of 17.7%. This surge positions Malaysia as a significant player in the Southeast Asian steel market.
The construction industry remains the primary consumer of H-shaped steel, accounting for approximately 63% of total steel demand. This is followed by metal processing (11%), electronics and semiconductors (9%), and the automotive industry (8%). The dominance of the construction sector underscores the critical role of H-shaped steel in Malaysia's urban development and infrastructure projects.
However, the Malaysian steel industry faces challenges, notably overcapacity. The Ministry of Investment, Trade and Industry implemented a two-year moratorium on the steel industry starting August 15, 2023, to address these issues and align the sector with the New Industrial Master Plan 2030. This moratorium covers activities related to applications, licensing, diversification, and manufacturing, with exceptions granted for projects supporting the NIMP 2030 agenda.
Trade dynamics also impact the H-shaped steel market. In August 2021, Vietnam's Ministry of Industry and Trade maintained an anti-dumping duty of 10.64% on H-shaped steel products imported from Malaysia. This measure was in response to a significant increase in exports from Malaysia to Vietnam, which rose from over VND213 billion in 2019 to VND848 billion in 2020.
Despite these challenges, the Malaysian steel industry continues to evolve. The government's focus on infrastructure projects and urban development is expected to sustain demand for H-shaped steel. Additionally, initiatives aimed at modernizing the industry and addressing environmental concerns are underway, reflecting a commitment to sustainable growth.
In summary, Malaysia's H-shaped steel market is intricately linked to the nation's construction and infrastructure sectors. While facing challenges such as overcapacity and trade measures, the industry's future appears promising, supported by ongoing development projects and strategic initiatives aimed at enhancing competitiveness and sustainability.
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Hyundai Steel
JFE Steel Corporation
Yamato STEEL
Baowu
Nippon Steel Corporation
POSCO
Nucor
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By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia H-shaped Steel Market
Hot-rolled H-shaped Steel
Cold-formed H-shaped Steel
Galvanized H-shaped Steel
Pre-painted H-shaped Steel
Carbon Steel
Stainless Steel
Alloy Steel
Other Materials (e.g., Composite Materials)
Construction (Buildings, Bridges, etc.)
Manufacturing (Machinery, Equipment)
Infrastructure (Roads, Railways, etc.)
Shipbuilding
Energy (Wind Towers, Solar Racks)
Commercial Construction
Residential Construction
Oil & Gas
Aerospace & Defense
Automotive
Standard Dimensions (e.g., W8, W10, W12)
Customized Dimensions
Thin Profile H-shaped Steel
Heavy-duty H-shaped Steel
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia H-shaped Steel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia H-shaped Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia H-shaped Steel Market, By Type
6. Malaysia H-shaped Steel Market, By Application
7. Malaysia H-shaped Steel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia H-shaped Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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