STEEL INDUSTRY ROADMAP 2035 UMBRELLA PROGRAMME
STEEL INDUSTRY ROADMAP 2035 UMBRELLA PROGRAMME
Industry Lead: Mr William Wong, Amsteel Mills Sdn Bhd
Lead Agency: Malaysia Steel Institute
Background
Structural overcapacity remains one of the most significant challenges facing Malaysia's iron and steel industry, resulting in underutilised production assets, market imbalances, and weakened industry profitability. Addressing this issue is critical to improving industry competitiveness and ensuring sustainable sector growth. This programme is therefore established to support capacity optimisation, manufacturing licence reforms, market rationalisation, and initiatives that strengthen the long-term sustainability of the domestic steel industry.
Sub-Programmes
1A. Malaysia Iron and Steel Industry Rating Programme.
1B. Malaysia Iron and Steel Industry Local Producer Programme.
1C. Malaysia Iron and Steel Industry Export Promotion and Strengthening Programme.
Alignment with Steel Industry Roadmap 2035 Strategies (STS)
S1: Managing Overcapacity with Targeted Moratorium.
S2: Restructuring Manufacturing License for the Steel Industry.
S8: Facilitating Strategic Collaboration and Demand Commitment for Downstream Sector.
Alignment with Steel Industry Roadmap 2035 Priorities
P1A: Reduce domestic overcapacity, enhance utilisation of domestic steel mills and shift production from long to flat production.
P1B: Limit upstream steel capacity expansion with no new BF-BOF.
P1C: Withdraw of revoke dormant MLs.
P1D: Renegotiate MLs for approved but unbuilt BF-BOF to reduce capacity or convert to higher demand products (long to flat).
P1F: Established transparency on industry production and capacity data.
Industry Lead: Ms Jess Chong, MISIF / Mycron Steel Berhad
Lead Agency: Malaysia Steel Institute
Background
The increasing complexity of global steel trade, coupled with unfair trade practices, circumvention activities, and non-compliant imports, continues to place pressure on domestic steel producers. Strengthening trade governance and enforcement is essential to maintaining a fair and competitive marketplace. This programme is therefore established to enhance trade remedy mechanisms, improve supply chain transparency, and support industry compliance with evolving market and regulatory requirements.
Sub-Programmes
2A. Malaysia Iron and Steel Industry Non-Preferential Certificate of Origin (NPCO) Programme.
2B. Malaysia Iron and Steel Industry Environmental Product Declaration (EPD) Programme.
Alignment with Steel Industry Roadmap 2035 Strategies (STS)
S3: Advancing Trade Remedies and Fair Competition.
S4: Strengthening Enforcement Against Non-Compliant Operators.
Alignment with Steel Industry Roadmap 2035 Priorities
P1A: Reduce domestic overcapacity, enhance utilisation of domestic steel mills and shift production from long to flat production.
P1F: Established transparency on industry production and capacity data.
P2C: Introduce transparency and emission disclosures by all steel mills including with MRV and EPD standards.
Industry Lead: Mr Ooi Peng Yeow, MISIF / Southern Steel Berhad
Lead Agency: Malaysia Steel Institute
Background
A secure and sustainable supply of raw materials is fundamental to the resilience and competitiveness of Malaysia's steel industry. As the industry transitions towards lower-carbon steelmaking technologies, access to steel scrap and other strategic raw materials will become increasingly important. This programme is therefore established to strengthen raw material security, improve supply chain resilience, and support the industry's long-term growth and decarbonisation objectives.
Sub-Programmes
3A. Malaysia Iron and Steel Industry Raw Material Programme.
Alignment with Steel Industry Roadmap 2035 Strategy
S5: Securing Domestic Raw Material Supply.
Alignment with Steel Industry Roadmap 2035 Priority
P1E: Secure sufficient domestic steel scrap supply.
P1F: Established transparency on industry production and capacity data.
Industry Lead: Mr George Lim, Malaysia Steel Works (KL) Berhad
Lead Agency: Malaysia Steel Institute
Background
Decarbonisation is rapidly becoming a key determinant of future competitiveness, market access, and investment attractiveness for steel producers worldwide. Malaysia's steel industry must be prepared to respond to evolving customer, investor, and regulatory expectations relating to carbon emissions and sustainability. This programme is therefore established to support the industry's transition towards low-carbon steel production through enabling frameworks, industry standards, and strategic decarbonisation initiatives.
Sub-Programmes
4A. Malaysia Iron and Steel Industry Renewable Energy Programme.
4B. Malaysia Iron and Steel Industry Carbon Tax Programme.
4C. Malaysia Iron and Steel Industry Green Steel Programme.
4D. Malaysia Iron and Steel Industry Carbon Capture Utilisation and Storage (CCUS) Programme.
4E. Malaysia Iron and Steel Industry Energy Efficiency Programme.
Alignment with Steel Industry Roadmap 2035 Strategy
S6: Establishing Groundwork for Steel Sector Decarbonisation.
Alignment with Steel Industry Roadmap 2035 Priority
P1F: Established transparency on industry production and capacity data.
P2A: Define clear targeted decarbonisation pathways for the iron and steel industry for different technologies and inputs.
P2B: Build foundations for industry decarbonisation with low carbon and green steel standards and frameworks with international practices.
P2C: Introduce transparency and emission disclosures by all steel mills including with MRV and EPD standards.
P2E: Facilitate and initiate internal improvements in efficiency and emissions by private sector players, and shift or convert to higher demand and higher value-added products.
Industry Lead: Mr Calvin Seng Aik, MSMDA
Lead Agency: Malaysia Steel Institute
Background
The successful implementation of industry transformation and decarbonisation initiatives will require significant investment and access to appropriate financing mechanisms. Without adequate financial support, the pace of industry upgrading and adoption of sustainable technologies may be constrained. This programme is therefore established to facilitate access to financing, incentives, and investment support required to accelerate industry transformation and sustainable growth.
Sub-Programmes
5A. Malaysia Iron and Steel Industry Green Financing Programme.
5B. Malaysia Iron and Steel Industry Transition Financing Programme.
5C. Malaysia Iron and Steel Supply Chain Financing Programme.
Alignment with Steel Industry Roadmap 2035 Strategy
S7: Creating an Enabling Environment for Green Financing and Investment.
Alignment with Steel Industry Roadmap 2035 Priority
P1F: Established transparency on industry production and capacity data.
P2A: Define clear targeted decarbonisation pathways for the iron and steel industry for different technologies and input.
P2B: Build foundations for industry decarbonisation with low carbon and green steel standards and frameworks with international practices.
P2C: Introduce transparency and emission disclosures by all steel mills including with MRV and EPD standards.
Industry Lead: Mr HK Phang, SWAM
Lead Agency: Malaysia Steel Institute
Background
The long-term competitiveness of Malaysia's steel industry depends on its ability to move up the value chain and increase the production of higher value-added steel products. Strengthening downstream capabilities will improve industry profitability, create new market opportunities, and enhance the overall resilience of the steel ecosystem. This programme is therefore established to promote product upgrading, downstream development, ESG adoption, and greater value creation across the industry.
Sub-Programmes
6A. Malaysia Iron and Steel Industry Downstream Value-Added Programme.
6B. Malaysia Iron and Steel Industry Downstream ESG Certification Programme.
6C. Malaysia Iron and Steel Industry Sales & Services Tax (SST) Programme.
6D. Malaysia Iron and Steel Industry Testing Programme.
Alignment with Steel Industry Roadmap 2035 Strategy
S6: Establishing Groundwork for Steel Sector Decarbonisation.
S8: Facilitating Strategic Collaboration and Demand Commitments for Downstream Sector.
Alignment with Steel Industry Roadmap 2035 Priority
P1F: Established transparency on industry production and capacity data.
P2E: Facilitate and initiate internal improvement in efficiency and emissions by private sector players, and shift or convert high demand and high-value added products.
Industry Lead: To be appointed
Lead Agency: Malaysia Steel Institute
Background
The successful implementation of the Steel Industry Roadmap 2035 will ultimately depend on the availability of a skilled, adaptable, and future-ready workforce. While human capital development is not specifically identified as a standalone priority under the Steel Industry Roadmap 2035, MSI considers workforce capability to be a critical enabler supporting the delivery of the roadmap's objectives, particularly in productivity, digitalisation, advanced manufacturing and decarbonization. This programme is therefore proposed by MSI to strengthen the industry's talent pipeline, leadership capabilities, and workforce readiness in support of long-term industry competitiveness and sustainability.
Sub-Programmes
7A. Malaysia Iron and Steel Industry Training and Capacity Building Programme.
7B. Malaysia Iron and Steel Industry Talent Ecosystem Programme.
7C. Malaysia Iron and Steel Standards Development Programme.
5.0 Expected Outcomes
The establishment of the Steel Industry Roadmap 2035 Umbrella Programme will provide Malaysia's iron and steel industry with a formal implementation framework to translate the Steel Industry Roadmap 2035 from policy into action. The programme will institutionalise industry leadership, strengthen stakeholder coordination, and provide a structured mechanism to drive, monitor and report the implementation of Steel Industry Roadmap 2035 initiatives, ensuring the roadmap's objectives are achieved in a coordinated and sustainable manner.
The Steel Industry Roadmap 2025-2035 Umbrella Programme will be revised on a regular basis to include additional cluster sub-programmes that will value add and compliment the Steel Industry Roadmap 2025-2035.