AFTER a strong 2021, thanks to higher selling prices, many steel producers could be looking at compressed margins and a normalisation in selling prices this year.
KUALA LUMPUR: Malaysia Steel Works (KL) Bhd (Masteel) made a firm turnaround with net profit of RM32.5mil in the financial year ended Dec 31, 2021 (FY21) from net loss of RM14.7mil a year ago, buoyed by the recovery in selling prices of steel products in local and international markets.