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Cement Price Index Sees Significant Annual Rise, Steel Prices Decline in February 2026

Kuala lumpur: The unit price index of cement increased between 0.8 per cent and 5.9 per cent year-on-year in February 2026 compared with the same month last year, while the steel price index declined between 1.2 per cent and 8.1 per cent, according to the Department of Statistics Malaysia (DOSM).

According to BERNAMA News Agency, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin reported that the increase in the cement unit price index was observed across all regions in Peninsular Malaysia, Sabah, and Sarawak. The highest rise was recorded in Pahang at 5.9 per cent, followed by Perak at 5.5 per cent, with Selangor, Kuala Lumpur, Melaka, and Negeri Sembilan each seeing a 5.1 per cent increase.

Mohd Uzir highlighted that an annual comparison for the period from February 2025 to February 2026 showed a decline in the steel unit price index ranging from negative 1.2 per cent to negative 8.1 per cent across most areas in Peninsular Malaysia, Sabah, and Sarawak. The highest decline in the steel price index was noted in Kuching at -8.1 per cent, followed by Sibu at -7.1 per cent, and Miri at -6.8 per cent.

On a monthly basis, the cement unit price index in February 2026 rose between 0.2 per cent and 1.1 per cent compared with January 2026, with the largest increase observed in Kuching at 1.1 per cent and in Perak at 0.4 per cent. Meanwhile, the aggregate price index recorded a slight increase ranging from 0.1 per cent to 3.4 per cent across all regions in Peninsular Malaysia, Sabah, and Sarawak during the same period.

In terms of average prices, steel products including mild steel round bars and Mycon 60 high tensile deformed bars fell 1.4 per cent to RM3,404.40 per tonne in February 2026, down from RM3,454.00 per tonne in January 2026. The average price of Ordinary Portland cement saw a slight increase of 0.2 per cent to RM25.35 per 50-kilogramme bag, compared to RM25.30 per 50-kilogramme bag in January.

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