THE country’s biggest cold-rolled coil (CRC) manufacturer, Ornasteel Holdings Bhd, is not only gearing up for its listing on Bursa Malaysia next month, but it is also giving other local steel producers a stiff fight for a larger slice of the RM2.8bil CRC domestic market.
The country, re-emerging from a financial slump that hit six years ago, is seeing escalating demand for steel in line with the pick-up in industrial and manufacturing output as well as strong gross domestic product (GDP) growth (GDP in the first half this year was 7.8%).
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