Financial Institutions' Support Crucial For Steel Industry's Green Transition — Liew

KUALA LUMPUR, Dec 6 (Bernama) -- The participation and support of financial institutions are crucial for the successful implementation of the Steel Industry Roadmap 2035 (SIR2035), particularly in facilitating the steel industry’s green transition, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

He said the steel industry remains the backbone of Malaysia’s industrial ecosystem, providing critical raw materials for construction, automotive, machinery, infrastructure and manufacturing sectors,

“However, the industry has long been under pressure due to various structural and market challenges.

“SIR2035, launched on Sept 29 by then Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, provides a clear direction to strengthen the industry’s financial resilience and environmental sustainability,” he said that in his speech during a dialogue session with Bank Negara Malaysia (BNM) and steel industry players yesterday.

Liew also thanked BNM governor Datuk Seri Abdul Rasheed Ghaffour and his team for organising the meeting that served as a platform for meaningful engagement between the steel industry and the banks.

-- BERNAMA