Govt supports consolidation to create stronger steel players

Steel discussion: Ong (right) in a discussion with (from left) Malaysian Iron and Steel Industry Federation deputy president II, chairman of the Industrial and Trade Policies Committee Datuk Lim Hong Thye, Malaysia Steel Works (KL) Bhd managing director Datuk Seri Tai Hean Leng and MSI chief executive officer Jarrod Lim.

KUALA LUMPUR: The Government supports the consolidation of local steel players to create stronger and more competitive entities to compete in the global market, says International Trade and Industry Minister II Datuk Seri Ong Ka Chuan.

“The consolidation among players is of course on a voluntarily basis.