PETALING JAYA: Southern Steel Bhd
remains cautious over the uncertain demand and selling prices for steel in the coming months, as the projected recovery of China is not as strong as previously anticipated upon its reopening after the ending of its “zero-Covid” policy.
The steel products manufacturer added domestic demand for steel will also be muted in the absence of large infrastructure projects, as it heads towards the end of its financial year 2023 (FY23) on June 30.
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