Posted on 11 Feb 2026

CSC Steel Holdings Bhd, the largest listed steel maker in the country, says elevated exports from China remains a challenge after the group’s revenue fell 9% in the financial year ended Dec 31, 2025 (FY25).

In a filing with Bursa Malaysia, the debt-free CSC Steel reported a drop in FY25 revenue to RM1.38bil as average selling prices continued to be on a downward trend.

However, net profit for the 12-month period more than doubled on a year-on-year (y-o-y) basis to RM69.4mil.

This was possible due to lower raw material costs and the stronger ringgit against the US dollar.

For the fourth quarter, the group’s net profit jumped by 61.7% y-o-y to RM18.3mil.

Meanwhile, revenue fell by 4.2% y-o-y to RM330.4mil. CSC Steel said its sales volume saw a slight increase in the October to December 2025 period, but this was offset by the reduction in average selling prices.

The improved bottom line raised the earnings per share in the fourth quarter to 4.97 sen. No dividend was declared for the quarter.

Looking ahead, CSC Steel expected the global steel market to benefit from improving demand conditions alongside ongoing supply-side adjustments.

While elevated exports from China continued to pose competitive challenges, the implementation of an export licensing system for key Chinese products is expected to foster greater market discipline and alleviate regional supply imbalances, it added.

“These developments, complemented by strengthened trade protection measures in the United States, the European Union, Mexico, and Canada, are supporting a gradual recovery in international steel prices despite the persistence of global overcapacity.

“Domestically, the steel industry is navigating a balanced environment characterised by emerging cost pressures and resilient demand drivers.

“The financial impact arising from the implementation of carbon taxation and supply chain adjustments related to commercial vehicle regulations is expected to be partially offset by favourable currency movements, providing a strategic buffer for imported input costs.

“Concurrently, baseline steel demand remains anchored by consistent construction activity and the ongoing execution of major infrastructure and industrial projects,” said the group.

Despite the positives, CSC Steel said the market remained highly competitive following the final determination of a 0% antidumping duty rate for certain Vietnam-based producers of galvanised steel coils.

Source:The Star

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