MSI: Covid-19 clouds outlook of iron and steel

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PETALING JAYA: The Malaysia Steel Institute (MSI) expects the performance of the local iron and steel sector this year to be similar with last year, given the disruption in operations following the Covid-19 lockdown.

According to chief executive officer Jarrod Lim, (pic) Malaysia’s iron and steel exports rose to 10.03 million tonnes in 2020 from 6.64 million tonnes in 2019 despite the pandemic.