ANALYSTS are generally more optimistic about the prospects of the domestic steel industry, with the expected increase in demand for steel products due to the Ninth Malaysia Plan (9MP) and a recovery in steel prices.
The Malaysian Iron & Steel Industry Federation has projected Malaysia's steel demand to grow at a compounded annual growth rate (CAGR) of 13% per year from 2006 to 2010, mainly driven by the 15.5% per annum CAGR in flat products' demand.
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