Malaysian flat steel industry about to start recovering

摘要

Malaysian flat steel sector, which has been in a bad shape for the past few years after the closure of the only HRCproducer in the country, may start recovering soon as the largest local longs steel producer announced its plans tobuy non-working Megasteel and resume its operations. This will not be an easy task and the new owner will need toprovide stable electricity supply and upgrade the mill installing new equipment to lower production costs. But if the millis successfully launched, the country may significantly decrease its dependence on imports.