Malaysia Steel Works (KL) Bhd (Masteel) sees its performance for the full year ending Dec 31, 2005 exceeding initial forecast on higher-than-expected sales volume and improved operating efficiency.
“We were quite conservative in our earlier estimates,'' managing director and chief executive officer Tai Hean Leng told reporters after Masteel signed an agreement in Kuala Lumpur yesterday to supply RM80mil worth of steel billets to Daewoo International Corp steel mills in Vietnam and the Philippines.