18
Dec
12:52
Eastern Steel supports Hiap Teck profits
Malaysia’s Hiap Teck Venture says it expects its profits to surge as its Eastern Steel joint venture shifts from loss to profit. The Malaysian steel firm ceded control of Eastern Steel to China’s Jianlong Group as part of a plan to secure funding to restart the mill and add new products, Kallanish notes.
The 700,000 tonnes/year Eastern steel is reportedly running at full capacity after it restarted production in July. The plant was originally a…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous