Leader Steel sees improved revenue, profit

Growing orders: Leader Steel plant in Bukit Tengah. Since January, the group has seen orders from the construction, renovation and furniture industries increased by more than 15.

BUKIT TENGAH: Leader Steel Holdings Bhd expects its revenue and profit for financial year 2016 to improve by strong double-digit percentage over 2015 due to higher steel prices and stronger demand from the construction, renovation and furniture industries.

Group managing director Datin Tan Pak Say told StarBiz that the pricing of steel pipes was now around RM3,000 per tonne, about 25% higher than in early January.