KUALA LUMPUR: Local steel prices will largely be influenced by supply from China, the world’s biggest producer of steel, according to the Malaysian Iron & Steel Industry Federation (Misif).
Its president Datuk Soh Thian Lai said that excess production resulted in the oversupply from China since 2012 as the government subsidised the operations of Chinese steel players.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!