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Steel stocks roar again


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Despite the market rally that took place in most part of this year, share prices of steel-related counters have largely stagnated as investors stayed away from the sector.
However, thanks to the anti-dumping duty news and the recovery play in the sector, such counters are finally waking up from deep slumber.
Yesterday, Masteel jumped 34.58% to 72 sen, its highest in over two years, while Lion Industries gained 17.46% to 74 sen, its highest since mid-2018.
Melewar surged by 74.63% to 58.5 sen, Mestron Holdings Bhd gained 10.26% to 21.5 sen, Mycron Steel Bhd
rose by 52.69% to 71 sen and Hiap Teck (pic) was up by 5.49% to 48 sen.
Melewar surged by 74.63% to 58.5 sen, Mestron Holdings Bhd gained 10.26% to 21.5 sen, Mycron Steel Bhd rose by 52.69% to 71 sen and Hiap Teck (pic) was up by 5.49% to 48 sen. ....

Republic Of , Indonesia General , South Korea , Malaysia General , Chiap Teck , Mestron Holdings Bhd , Melewar Industrial Group Bhd , Industry Ministry Miti , Lion Industries , Bursa Malaysia , Melewar Industrial Group , Hiap Teck Venture , Mestron Holdings , Mycron Steel , Ann Joo Resources , International Trade , Industry Ministry , Anti Dumping Duties , குடியரசு ஆஃப் , இந்தோனேசியா ஜநரல் , தெற்கு கொரியா , மலேசியா ஜநரல் , தொழில் அமைச்சகம் மிதி , சிங்கம் தொழில்கள் , ஆண்டு ஜூ வளங்கள் , சர்வதேச வர்த்தகம் ,