Malaysian steel stocks turn red hot on China factor

摘要

Companies in the steel industry recorded big gains on the back of rising prices of the product in China that has hit multi-year highs. Steel counters dominated Bursa Malaysia gainers' list yesterday, with companies such as Ann Joo Resources Bhd rising 5.59% or 17 sen to close at RM3.21 and Southern Steel Bhd gaining 7.6% or 13 sen to close at RM1.84.