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KUALA LUMPUR (July 7): The unit price index of Building of Cost Material Index (BCI) (without steel bars and with steel bars) for all building categories in Malaysia increased in June 2022 compared with in June 2021, said the Department of Statistics Malaysia (DOSM).

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the average unit price of steel consisting of mild steel round bars and mycon 60 high tensile deformed bars increased 15.9%, with the average price of steel bar at RM3,897.11 per tonne compared with RM3,362 per tonne in June last year.

"Cement recorded an increase of 12.2% in June 2022 at RM21.05 per 50 kilogrammes compared with RM18.66 per 50 kilogrammes in June 2021.

"However, the increase in prices of these two materials was slower than in the previous month. The prices of most building materials such as plywood, timber, glass, bricks and walls, roofing materials, and ceiling materials also registered an increase," he said in a statement on the BCI for June 2022 on Thursday.

The average price of building materials stated in the BCI refers to the material prices available at the outlets that sell building materials.

The DOSM said the increase in BCI was between 5.5% and 18.9% for Peninsular Malaysia, between 0.3% and 15.8% for Sabah, and between 6% and 23.3% for Sarawak in the same period.

"The BCI with steel bars for all areas in Malaysia showed increases for all building categories. The category of buildings that recorded the highest increase in Peninsular Malaysia was 5-Storey and Above (Reinforced Concrete) Building (For Office) in Selangor, Kuala Lumpur, Melaka, Negeri Sembilan, Johor, and Pahang.

"The building category that recorded the highest increase in Sabah was Single-Storey Steel Frame (Tower Only) in Kota Kinabalu and Sandakan. Meanwhile, in Sarawak, the highest increase by building category was recorded for Reinforced Concrete Piling in Miri," it said.

For areas in Peninsular Malaysia, the BCI without steel bars increased between 5.5% and 13.2% for all building categories. The building category that recorded the highest increase was 5-Storey and Above (Reinforced Concrete) Building (For Office) in Pahang, followed by Terengganu and Kelantan.

Mohd Uzir said the price index per unit for building materials increased between 4.4% and 18.5% while the price index per unit of steel, as well as steel and metal sections, increased 18.5% and 16.2% respectively, while the price index per unit of cement increased 12.5% in June 2022 from in June 2021.

"In the context of items and regions, the highest increase for areas in Peninsular Malaysia was the steel and metal section recorded in Perak (29.8%), followed by steel in Selangor, Kuala Lumpur, Melaka, and Negeri Sembilan at 28.5% and steel and metal sections in Pahang (28.3%)," he said.

Meanwhile, the highest price index per unit of building material in Sabah was ironmongeries in Kota Kinabalu (32.7%), while in Sarawak, it was steel in Miri (40%) and glass in Kuching (23.4%).

On a month-on-month comparison of building materials and selected areas, the steel and metal sections and paints in Pahang rose 3.9% (May 2022: 3.2%) and 2.9% (May 2022: 2.4%) respectively.

The floor and wall tiles in Terengganu and Kelantan rose 3.9% in comparison with May (4%). Aggregates also increased in almost all areas in Peninsular Malaysia, Sabah, and Sarawak, while other building materials in some areas remained unchanged.

The department said all areas recorded a change in the index for timber of 1.3% compared with 0.5% in May. The change in the index was due to the increase in timber prices from January to March this year.

According to World Steel Association's report, the global steel demand is expected to increase this year and next year, despite the uncertainties caused by the war in Ukraine and lockdowns in China, while global steel consumption is expected to increase to 1.84 billion tonnes in 2022. In 2023, steel demand is forecast to increase 2.2% to 1.88 billion tonnes.

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