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Malaysia metals market leads the Asia-Pacific region in 2014

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Malaysia Metals Report Q1 2014 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-17 06:01:01
The Q1 2014 Malaysia metals reports analyses the trends within the country´s metals sector as the industry looks to assert its dominance as a leading producer in the Asia-Pacific region. Growth in Malaysian production of key metals such as steel and tin will be assisted by an increasingly supportive government which continues to take steps to increase investment in the sector, whilst introducing measures to protect the sector against cheap imports, or ´dumping´ by foreign companies. In 2014 we forecast growth in Malaysian production of both steel and tin, with output forecast to grow by 9.1% and 1.8% y-o-y, respectively.

2014 promises to be a solid year of growth across Malaysia´s metals sector. With the Chinese economy set to cool in 2014 (we forecast GDP growth of 6.7%), Malaysian metals producers will be looking to the domestic market to drive demand, rather than imports. We retain a positive outlook towards the Malaysian economy in 2014, which we forecast to expand by 4.4%. We expect growth in the National Key Economic Areas (NKEAs) to remain relatively robust, lending support to the domestic industry.

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Mike King
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