04
Jul
09:40
Megasteel could restart as Lion steps in
Malaysia’s Lion Industries has announced to Bursa Malaysia that it has agreed to purchase the assets and debt of its associated bankrupt flat steel producer Megasteel. The move could be a step towards the restart of Malaysia’s only hot rolled coil producer, Kallanish notes.
According to the announcement, Lion subsidiary Oriental Shield will buy the assets of Megasteel, including the 3.2 million tonnes/year hot strip mill and 700,000 t/y CRC plant whi…
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Anonymous
Very good overview of the weekly steel market.
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