12
May
01:00
China resuscitates comatose Malaysian steelmaker
China’s investments in Southeast Asia’s steel industry have taken another step with a MYR 300 million ($83.3m) initial investment by Tianjin Zhiyuan Investment Group in the idled Kemaman slab plant of Malaysia’s Perwaja Holdings. The investment follows on the heels of Shougang’s investment in Malaysia’s Eastern Steel, Kallanish notes.
Perjawa will shift focus from carbon to stainless steel and from billet to slab under the reviv…
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Very good overview of the weekly steel market.
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