On uptrend: Mycron’s steel plant in Shah Alam. Shares in Mycron continues their upward trend, increased by 15 to 90.5 sen a share yesterday.
PETALING JAYA: Shares in some steel manufacturers surged in yesterday’s trade after a three-day break, defying the broader market trend.
The rally in steel counters came following a pick-up in global steel prices. The rally also came shortly after news that the Lion Group’s ailing steel miller, Megasteel Sdn Bhd, had suspended operations at its 17-year-old flat steel production plant in Banting, Selangor.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
