Rise in steel prices set to continue


Moving forward, chairman Tan Sri Mohd Desa Pachi said LSH will continue to focus its strategies and priorities on further strengthening its position via diversification away from the construction industry.

KUALA LUMPUR: Leader Steel Holdings Bhd (LSH) believes that the international uptrend in steel prices may be sustained right into the third quarter of 2021 (Q321).

In its Annual Report 2020, it said the trending steel prices are due to several factors, namely, extended lead times due to logistics disruptions and capacity resumptions, historically low inventories and higher demand from automobile markets in the United States and Europe.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Wall Street set for mixed open, CrowdStrike slumps after global outage
Trading of Grand Central Enterprises' shares suspended pending announcement
AirAsia: No flight cancellations despite system disruptions
Genting Plantations to acquire 152 hectares in Indonesia for RM593mil for property development
Malaysia's digital banks not affected by Microsoft glitch
Ringgit up against major currencies, takes breather vs greenback
MCE secures RM19.6mil contract from Perodua for EV components
Optimax signs MoU with Health Ministry for school eye care
Air travel hit by global cyber outage
UEM Sunrise appoints Amran Hafiz Affifudin as director

Others Also Read