Kuala lumpur: The unit price index of steel recorded a decrease of between 1.0 per cent and 3.1 per cent in June 2025 compared to the previous month, according to the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Mohd Uzir Mahidin stated that the highest decrease was observed in Pahang at 3.1 per cent, followed by Sibu at 2.5 per cent, and Pulau Pinang, Kedah, and Perlis each at 2.1 per cent.
According to BERNAMA News Agency, the unit price index of steel and metal sections showed a decline in June 2025, with month-on-month changes ranging from a decrease of 0.2 per cent to 0.7 per cent. This reflects a moderate softening in the prices of metal and steel materials in the market. However, the DOSM reported a slight increase in several areas, including Selangor, Kuala Lumpur, Melaka, and Negeri Sembilan by 0.4 per cent, while Miri saw an increase of 0.3 per cent.
Meanwhile, the price index of cement recorded a marginal increase of between 0.1 per cent and 0.2 per cent in June 2025 compared to the previous month. An annual comparison between June 2024 and June 2025 indicated that the unit price index of cement increased by 0.3 per cent to 3.7 per cent across most areas in Peninsular Malaysia, Sabah, and Sarawak, with the highest increase in Johor at 3.7 per cent, followed by Tawau at 3.6 per cent, and Pulau Pinang, Kedah, and Perlis at 2.5 per cent.
The year-on-year comparison of the unit price index for steel recorded a decline ranging from 5.1 per cent to 15.5 per cent in June 2025 compared to the same month last year, affecting most areas in Peninsular Malaysia, Sabah, and Sarawak. Commenting on the average price per unit of steel, which includes mild steel round bars and Mycon 60 high-tensile deformed bars, Mohd Uzir highlighted a slight increase of 0.1 per cent, with an average price of RM3,480.19 per metric tonne in June 2025, compared to RM3,476.75 per metric tonne the previous month.
Additionally, DOSM reported that the Building Material Cost Index (BCI) with steel bars for all building categories in Peninsular Malaysia recorded a decline of between 0.1 per cent and 1.0 per cent in June 2025 compared to the previous month, covering areas like Pulau Pinang, Kedah, Perlis, Pahang, Terengganu, and Kelantan.