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03 Jan
16:05

Malaysian steel federation blasts gas price hike

The Malaysian Iron and Steel Industry Federation (Misif) has attacked plans to increase local gas prices despite a deal to cut prices over the coming six months. It fears prices will rise to over the level of regional rivals, putting local producers, including steelmakers, at a disadvantage, Kallanish notes. Gas Malaysia Bhd will cut its gas prices to MYR 26.31/MMBtu ($5.83/MMBtu) over January-June from $27.05/MMBtu over the previous six months. Misif says …
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