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Malaysia’s total trade reached RM2.16 trillion in January–July 2026, up 24.7% year-on-year, while exports jumped 29.2% to RM1.165 trillion. The trade surplus more than doubled to RM170.5 billion, with ASEAN, China, the EU and the US remaining major markets for Malaysian exporters.

Indian steel prices are expected to strengthen further as higher coking-coal costs coincide with a post-monsoon recovery in infrastructure and automotive demand. Hot-rolled coil prices have already risen by around ₹4,000 per tonne since August, although higher imports — particularly from China — could limit domestic mills’ pricing power.

Canada’s retaliatory tariffs of 15%–50% on roughly US$20 billion of US goods have now taken effect after bilateral trade talks stalled. The implementation marks a material escalation from earlier tariff announcements and increases uncertainty for deeply integrated North American steel, metals and manufacturing supply chains.