Posted on 08 Oct 2008
Southern Steel Bhd is confident it can weather a potential economic crisis due to its “well balanced” product mix and diverse export markets, said group financial controller C.B. Koay.
“Our steel products comprise construction and industrial grade steel.
“Thus if there is a slowdown in the construction or industrial sector, our products are well balanced to protect the group during such economic climate,” he said after the company EGM on Monday.
Koay said the group’s steel products were also exported worldwide, “thus there is no one market that the group is solely dependent upon.”
“The group exports to Europe, the
Koay added that domestic demand dipped over the past few months due to the country’s political problems.
“These political problems need to be cleared before we can see any improvements on domestic demand,” he said.
