THE country's sole flat steel producer, Megasteel Sdn Bhd, is exporting 30% of its output, said the chief of the Lion group Tan Sri William Cheng. The steel maker is a subsidiary of Lion Corp Bhd.
He said that with these exports – made possible by the buoyant prices and strong demand for flat steel in world markets – Megasteel was running at its full production capacity of about 170,000 tonnes a month, or two million tonnes a year.
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