Hanoi, Sept. 29 -- Malaysia is drawing up a comprehensive plan to overhaul its steel industry with the aim of addressing overcapacity, restructuring licensing, and charting a decarbonisation path toward a fully green sector by 2050.
Minister of Investment, Trade and Industry Tengku Zafrul Aziz announced on September 29 that the 10-year roadmap will feature clear licensing guidelines for steelmakers, greater transparency in carbon pricing, and expanded access to financing that will support the transition to greener and higher value-added production.
He stressed that decarbonisation is essential given that steel manufacturing is among Malaysia's highest carbon-emitting sectors.
At the same time, he added, the domestic market faces a signif...