03
Aug
10:51
Malaysian steel trader to double capacity
Malaysian steel trader AYS Ventures plans to double the size of its storage capacity, according to media reports. The company saw profits roughly triple in the last financial year and growing Malaysian demand is pushing it to expand turnover, Kallanish notes.
AYS has budgeted MYR 35 million ($8.18m) on capex for its current fiscal year (ending March 2018), more than triple the previous year. Most of which will go on increasing storage capacity at its three joine…
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Anonymous
Very good overview of the weekly steel market.
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