09
Jun
10:53
Malaysian infrastructure contracts soar by 451% year-on-year
The value of contracts for construction of infrastructure in Malaysia over January-May was 451% higher year-on-year at MYR 37.1 billion ($9.13 billion), according to a report by KAF-Seagroatt & Campbell Securities (KAFSC).
Projects have yet to boost the local steel industry, according to the report. Despite imports being down -7% y-o-y over January-April, steel production remained down -18% y-o-y over January-March, it notes. However, the 10% y-o-y growth in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous