( September 29, 2025, 08:39 GMT | Official Statement) -- MLex Summary: ASEAN, in collaboration with the South East Asia Iron and Steel Institute, should create a regional database on capacity and utilization to improve market transparency and address steel overcapacity, Malaysian Investment, Trade and Industry Minister Tengku Zafrul Aziz said Monday. He noted that ASEAN faces oversupply in long products, heavy dependence on flat imports and is exposed to a global glut of more than 600 million tonnes of excess capacity. Malaysia itself projects capacity of 40.8 million tonnes by 2030 against demand of only 14.7 million tonnes, underscoring the need for coordinated regional responses.The speech is attached....
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