Master Builders Association Malaysia (MBAM) is against safeguard measures on steel products, as it feared prices of steel bars may be uncontrollable without free flow of imports.
“The price of steel bars has increased from about RM1,500 per tonne in January 2016 to about RM2,500 per tonne at present. MBAM believes that the sudden rise in steel prices over such a short period is not justified even with the greater demand from China,” president Matthew Tee said in a statement.
He said looking at our neighbouring countries, it strengthened the claim that the sudden rise in steel price was unprecedented and unwarranted.
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“The price of steel bars has increased from about RM1,500 per tonne in January 2016 to about RM2,500 per tonne at present. MBAM believes that the sudden rise in steel prices over such a short period is not justified even with the greater demand from China,” president Matthew Tee said in a statement.
He said looking at our neighbouring countries, it strengthened the claim that the sudden rise in steel price was unprecedented and unwarranted.
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