More players expected to produce hot-rolled coils

PETALING JAYA: The 12-year old monopoly in hot-rolled coils (HRC) by Lion Group unit Megasteel Sdn Bhd in Malaysia is likely to be broken with the emergence of at least two potential HRC and hot-rolled plate players within the next two years.

A source close to the local steel industry said the Competition Act 2010 taken effect early this month would post as a challenge and opportunity for the local steel industry players.