Malaysia: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in Malaysia

In 2021, the Malaysian hot-rolled free-cutting steel market decreased by -6.2% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, recorded a measured increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Production in Malaysia

In value terms, hot-rolled free-cutting steel production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Hot-rolled free-cutting steel production peaked at $X in 2020, and then declined in the following year.

Hot-Rolled Free-Cutting Steel Exports

Exports from Malaysia

In 2021, the amount of hot-rolled bars in free-cutting steels exported from Malaysia declined to X tons, which is down by -5.5% compared with the previous year. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2018 when exports increased by 16% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled free-cutting steel exports expanded rapidly to $X in 2021. In general, exports showed a sharp setback. The most prominent rate of growth was recorded in 2017 when exports increased by 136% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) and Singapore (X tons) were the main destinations of hot-rolled free-cutting steel exports from Malaysia.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of -4.0%).

In value terms, the largest markets for hot-rolled free-cutting steel exported from Malaysia were Singapore ($X) and Australia ($X).

Australia, with a CAGR of +9.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average hot-rolled free-cutting steel export price stood at $X per ton in 2021, picking up by 20% against the previous year. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of 155%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Free-Cutting Steel Imports

Imports into Malaysia

In 2021, overseas purchases of hot-rolled bars in free-cutting steels decreased by -4.4% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 332% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, hot-rolled free-cutting steel imports declined to $X in 2021. In general, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2018 with an increase of 311% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main suppliers of hot-rolled free-cutting steel imports to Malaysia, together accounting for 66% of total imports. The United States and China lagged somewhat behind, together comprising a further 4.1%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Taiwan (Chinese) ($X) and Singapore ($X) constituted the largest hot-rolled free-cutting steel suppliers to Malaysia, together accounting for 67% of total imports. China and the United States lagged somewhat behind, together accounting for a further 3%.

China, with a CAGR of +41.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per ton in 2021, leveling off at the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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