Export And Import Of Steel Companies in Malaysia

Malaysia is a country that is heavily reliant on trade, with exports accounting for around two-thirds of GDP. The steel industry is a critical sector of the economy, with steel products used in a wide range of industries from construction to manufacturing.

The Malaysian steel industry has been hit hard by the global economic downturn, with demand for steel products falling sharply. This has led to a sharp decline in exports of steel products, with Malaysia's export of steel products falling by 37% in 2009.

However, the Malaysian steel industry is expected to rebound in 2010, with exports expected to grow by around 15%. This growth will be driven by strong demand from Asia, particularly China, which is expected to account for around 60% of Malaysia's steel exports.