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Malaysia’s economic calendar is front-loaded with two key data releases this week — October trade performance on Nov 19 and the Consumer Price Index (CPI) on Nov 21.
Both sets of data will offer investors a clearer read on external demand and domestic price pressures heading into the fi...
LION Industries Corp Bhd (KL:LIONIND) could close down its two long steel mills in Banting and Bukit Raja, Klang, held under wholly owned Amsteel Mills Sdn Bhd, industry sources familiar with the company tell The Edge.
While details are scarce, the closure may take place as early as the...
The proposed idea for an Asean Council on Steel is being looked at favourably by industry players, particularly the Malaysian Iron & Steel Industry Federation (Misif).
The US's decision to double its tariffs on imported steel to 50% poses a 'serious threat' to Malaysia's downstream steel producers and undermines the Malaysian government's ongoing tariff negotiation with the US, according to the Malaysian Iron and Steel Industry Federation (Misif).
Southern Steel Bhd (SSB) is disposing of a 55% stake (representing 12.88 million shares) in wholly-owned subsidiary Southern Steel Mesh Sdn Bhd (SSM) to Singapore-listed BRC Asia Ltd for RM61.05mil.
KUALA LUMPUR: Southern Steel Bhd (SSB) bersetuju untuk menjual 55 peratus kepentingannya dalam anak syarikat milik penuhnya, Southern Steel Mesh Sdn Bhd (SSM) kepada syarikat berpangkalan di Singapura, BRC Asia Ltd, dengan harga tunai RM61.05 juta.
After Singapore-based steel firm Green Esteel Pte Ltd’s emergence as the controlling shareholder of Southern Steel Bhd (KL:SSTEEL) earlier this year, the Malaysian group is now offloading a 55% stake in its steel wire mesh-making unit to Singapore-listed BRC Asia Ltd for RM61.05 million in cash.
(吉隆坡22日讯)南达钢铁(SSTEEL,5665,主板工业产品服务组)以6105万令吉出售子公司55%股权予新加坡钢铁商。南达钢铁今天发文告,提议把其全资子公司Southern Steel Mesh私人有限公司(SSM)的1288万3562股现有普通股或55%股权出售给BRC亚洲有限公司(BRC Asia )。该公司表示,出售股权所得的98.66%款项将作为营运资金,包括支付供应商或债权人,以及用于日常行政开销。根据文告,今年2月双方签订了条款清单,经谈判后决定进行拟议出售,并在今天签订...
PETALING JAYA: Southern Steel Bhd (SSB) is disposing of a 55% stake (representing 12.88 million shares) in wholly-owned subsidiary Southern Steel Mesh Sdn Bhd (SSM) to Singapore-listed BRC Asia Ltd for RM61.05mil.
KUALA LUMPUR: Southern Steel Bhd is disposing of a 55 per cent stake, comprising 12.88 million shares in its subsidiary Southern Steel Mesh Sdn Bhd (SSM) to Singapore-based BRC Asia Ltd for RM61.05 million in cash.
In a major move to protect US metal producers, President Donald Trump last Monday imposed 25% tariffs on all steel and aluminium imports, removing all previous exemptions. The decision, seen as a step towards a full-blown trade war, aims to close loopholes that allowed tariff circumvention throug...
KUALA LUMPUR (Feb 6): Malaysia has launched a probe into alleged dumping of flat-rolled steel products from China, South Korea, and Vietnam after a domestic steel producer filed a complaint about unfair pricing practices that have negatively impacted local manufacturers.
The investigati...
KUALA LUMPUR (Feb 5): Malaysia has expanded anti-dumping duties on imports of all stranded steel wires for prestressed concrete from China, the Ministry of Investment, Trade and Industry said on Wednesday.