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Lower margin risk amid another profitable year for steelmakers

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.

Masteel stages turnaround with RM32 5mil net profit in FY21

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.

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