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Gas price hike to raise steel makers' costs by RM200m a year


KUALA LUMPUR: The steel industry, which is a major user of power,  expects operating costs to rise by an additional RM200mil a year from the impending gas price hike which takes effect on Jan 1, 2018.

The Malaysian Iron and Steel Industry Federation (MISIF) said on Monday electricity and natural gas are crucial for making steel products and the second highest production cost component. 

Corporate News , Economy

   

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