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Top News In புதியது தொழில்துறை குரு திட்டம் Today - Breaking & Trending Today

Lion Industries bets on hot rolled coil revival for turnaround


LION Industries Corp Bhd, controlled by tycoon Tan Sri William Cheng Heng Jem, is banking on a return to hot rolled coil (HRC) manufacturing to turn its fortunes around. The group, one of the country’s oldest steel makers, has been loss-making for the past two financial years amid intense competition and slowing market growth.
Last December, the group announced plans to restart production of HRC in the second quarter of 2021 with a production capacity of 2.5 million to 3 million tonnes a year.
“Our plans to restart the HRC plant is part of the group’s turnaround plans, which we expect to contribute positively to the results,” says a Lion Industries spokesman in an email response to The Edge. ....

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Newsbreak: Policy revisions a boon for steel industry


THE steel industry has reason to cheer this year as the government is making revisions to the iron and steel policy that are expected to benefit local players across the value chain in the long run.
The revisions come after a long wait by industry players who had submitted a White Paper in April 2019 at the request of the Ministry of International Trade and Industry (MITI) in 2018.
The White Paper was intended to form the basis for a holistic iron and steel policy for developing a more resilient, competitive and sustainable industry.
In a letter sighted by The Edge that was issued by MITI to the industry in December, the ministry outlined six revisions to the current policy: ....

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