Misif seeks moratorium on gas price increase

Negative impact: Misif says the increase and the consequent effect on higher production cost will invariably affect the viability and competitiveness of the domestic iron and steel industry.

Impending hike means extra cost for industry

PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) has called on the Government to adopt a moratorium on any further increase in natural gas price for at least two years as the impending hike means an additional cost of about RM100mil per year for the industry.