Jiwa amines and minerals
The Government will study the duty structure for iron ore and scrap to make available the supply of such essential raw materials for the priority use of the local industries, said Prime Minister Datuk Seri Najib Razak.
He said that since Malaysia had huge reserves of iron ore and coal relevant to steel-making, the Government would help encourage states with iron ore and coal reserves to allocate more land of economic size to the local steel manufacturers to undertake commercial mining to enhance their steel-making operations.
“Without the need to depend on imports of iron ore from overseas, I believe the cost of steel production will be reduced, thus making the local mills more competitive,” he added.
Najib said the Government would do its utmost to assist local industries to enhance their competitive edge wherever possible, including helping them to secure supply of locally available materials such as scrap which was required for steel-making.
His speech was delivered by Minister in the Prime Minister Department Tan Sri Nor Mohamed Yakcop at the launching of the Malaysia Steel Association yesterday evening.
On given the high consumption of electricity by steel mills and dependence on the natural gas as a feedstcock for their iron making operations, he took note of the mills’ request for the Government to set tariffs that were comparable to neighbouring countries and countries producing natural gas respectively, in order to create a level playing field for the steel industry.
“I will also look into the request to extend off-peak hours rate to Saturdays, Sundays and public holidays,” he said.
He said the Government had always supported the practice to “Buy Local” and would certainly encourage Government and quasi-government projects to use locally manufactured products and fabrications.
“This will not only save foreign exchange for the nation but also assist the local mills to utilise their production capabilities which will help them achieve better economies of scale,” he said.
On the issue of dumping of cheap imported steel in the Malaysian market, Najib said the Government was committed not to allow sub-quality steel products to be dumped into the country that threatened the safety of the rakyat.
The Government will study the duty structure for iron ore and scrap to make available the supply of such essential raw materials for the priority use of the local industries, said Prime Minister Datuk Seri Najib Razak.
He said that since Malaysia had huge reserves of iron ore and coal relevant to steel-making, the Government would help encourage states with iron ore and coal reserves to allocate more land of economic size to the local steel manufacturers to undertake commercial mining to enhance their steel-making operations.
“Without the need to depend on imports of iron ore from overseas, I believe the cost of steel production will be reduced, thus making the local mills more competitive,” he added.
Najib said the Government would do its utmost to assist local industries to enhance their competitive edge wherever possible, including helping them to secure supply of locally available materials such as scrap which was required for steel-making.
His speech was delivered by Minister in the Prime Minister Department Tan Sri Nor Mohamed Yakcop at the launching of the Malaysia Steel Association yesterday evening.
On given the high consumption of electricity by steel mills and dependence on the natural gas as a feedstcock for their iron making operations, he took note of the mills’ request for the Government to set tariffs that were comparable to neighbouring countries and countries producing natural gas respectively, in order to create a level playing field for the steel industry.
“I will also look into the request to extend off-peak hours rate to Saturdays, Sundays and public holidays,” he said.
He said the Government had always supported the practice to “Buy Local” and would certainly encourage Government and quasi-government projects to use locally manufactured products and fabrications.
“This will not only save foreign exchange for the nation but also assist the local mills to utilise their production capabilities which will help them achieve better economies of scale,” he said.
On the issue of dumping of cheap imported steel in the Malaysian market, Najib said the Government was committed not to allow sub-quality steel products to be dumped into the country that threatened the safety of the rakyat.
“In this regard, the Government will ensure that the relevant authorities will carry out appropriate measures, through enforcement of rigorous quality standards on both imports and domestically produced steel products, to prevent the market from being flooded with substandard materials,” he said.
“In this regard, the Government will ensure that the relevant authorities will carry out appropriate measures, through enforcement of rigorous quality standards on both imports and domestically produced steel products, to prevent the market from being flooded with substandard materials,” he said.
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