Improvement seen: Misif projects a bright future for the local steel industry thanks to increased domestic demand, recovery in product prices and trade remedies by the authorities.
BUKIT TENGAH: The demand for Leader Steel Holdings Bhd
’s steel products has grown by 18% in the first quarter of this year compared with the same period in 2017.
Group managing director Datin Tan Pak Say told StarBiz that based on the present market price of hot rolled coil (HRC) that is about US$680 to US$700 per tonne, the value of the increased output translated to about RM50mil compared with the corresponding quarter of 2017.
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