If you can recall, Masteel was depress due to Audit Issues where their lousy auditor question them and they ask an independent party to review it. Steel price now recover, I expect the thing to be nice.
MALAYSIA Steel Works (KL) Bhd (Masteel) expects an additional RM400mil in sales per annum from its new rolling mill plant, which is built next to its meltshop in Klang, Selangor.
“It is all about the utilisation rate of plants, proximity to the market and the technology employed. Through 40 years of honing our skills, we have become highly specialised in the manufacturing of high tensile steel bars,” Tai says.
Yes. Steel is cyclical. But with recent china measures to deal with overcapacity, I hope price can normalise and steel players can strategies back to profit again
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paperplane2016
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Posted by paperplane2016 > 2016-07-13 14:16 | Report Abuse
If you can recall, Masteel was depress due to Audit Issues where their lousy auditor question them and they ask an independent party to review it. Steel price now recover, I expect the thing to be nice.