PETALING JAYA: Falling steel factory utilisation rate worldwide offered little respite for local players as China’s massive production overcapacity continued to swamp the market with cheap exports.
According to MIDF Research in a report yesterday, the industry oversupply situation does not seem to abate as steel exports from China continue to rise.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
