Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Malaysia’s Ministry of Trade and Industry (MITI) has urged greater adoption of recycled-content electric arc furnace (EAF) steelmaking, describing it as key to a sustainable low-carbon future.
Speaking at the ASEAN Iron and Steel Forum 2025, Deputy Minister Y.B. Liew Chin Tong criticized overinvestment in blast furnace capacity, warning it has triggered a “race to the bottom” in emissions. He called Malaysia’s current 40% EAF usage “unsustainable and alarming.”
ASEAN’s steelmaking capacity, currently at 84.6 million tonnes, is projected to double by 2035, largely driven by China and India. Liew stressed the need for regional cooperation to avoid oversupply and environmental harm, while positioning ASEAN as a hub for green steel production.
He noted Malaysia could emerge as a major importer of recycled steel from the US and Europe if EAF expansion accelerates. He also highlighted the EU’s Carbon Border Adjustment Mechanism (CBAM) as a sign that global trade will increasingly reward low-carbon steel.
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