KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) has set up an Independent and Special Committee for Malaysia’s iron and steel industry to review and realign its direction towards achieving the objectives of the New Industrial Master Plan (NIMP) 2030.
In a statement, MITI said the committee will, among others, assess the short and medium-term outlook for the iron and steel industry and address issues of overcapacity.
The committee will also provide guidance on policy, particularly in green steel production and new product development, to substitute imports, promote exports, and evaluate industry matters linked to national security.
...