Posted on 23 Apr 2009
With the rebound of steel demand and price in the Malaysian market, the mills which produce the long products will be in the black again soon.
During last month, the steel demand rose by 15 percent while the stock continued to fall further.
Masteel said that the price of the long product has increased by 10-15 percent since the bottom level in last December and this January.
It is said that the main reason of the recovery in the local market attributed to the cancellation of the Chinese steel products. The left supply gap will be supplemented by Turkish,
