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Steel steals the limelight

Steel steals the limelight
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

United States , Republic Of , Indonesia General , Jun Sheng , Ann Joo , Chan Mun Chun , Joe Biden , Vincent Lau , Steel Holdings Bhd , Ta Securities Research , Industry Ministry Miti , Hong Leong Investment Bank , Group Bhd , Aluminium Holdings Bhd , Steel Association , Bursa Malaysia , President Joe Biden , Starbizweek Over , Mycron Steel , Malaysia Steel Works , Holdings Bhd , China Iron , West Coast Expressway , East Coast Rail Link , Pan Borneo , International Trade ,

Tashin buys CSC Steel's property in Penang

s factory in Seberang Perai Tengah, Penang for RM43.5mil.
The deal involved the purchase of two parcels of industrial land measuring 6.47 acre and 4 acres each.
The properties are located next to Tashin s existing factory.
The Proposed Acquisition represents Tashin s efforts to increase its production capacity in steel processing of slit coils, steel sheets and steel manufacturing products, it said in a filing with Bursa Malaysia today.
Upon completion of the acquisition, Tashin s annual production capacity is expected to increase from existing 149,520 MT to 222,720 MT a year.
With the increase in capacity, the Group believes that this will lead to an increase in both revenue and profitability in future financial years, it said. ....

Kuala Lumpur , Seberang Perai Tengah , Steel Holdings Bhd , Tashin Holdings Bhd , Tashin Holdings , Proposed Acquisition , Bursa Malaysia , Corporate News , Csc Steel , குவாலா லம்பூர் , எஃகு ஹோல்டிங்ஸ் ப்ட் , ப்ரபோஸ்ட் கையகப்படுத்தல் , பெருநிறுவன செய்தி ,

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. ....

Republic Of , Sdn Bhd , Cheng Yong Kim , Johor Baru , Megasteel Sdn Bhd , William Cheng Heng Jem , Movement Control Order , Steel Holdings Bhd , Kenanga Research , Ministry Of International , Alliance Steel , Lion Industries , Labuan To Esteel Enterprise Pte Ltd , Aminvestment Bank , Lion Industries Corp Bhd , Dynamic Horizon Holdings Ltd , Corp Bhd , Tan Sri William Cheng Heng Jem , International Trade , Amsteel Mills Sdn Bhd , Esteel Enterprise Pte Ltd , Lion Industrie , Johor Baru Singapore Rapid Transit System Link , East Coast Rail Link , Pan Borneo Highway , Mass Rapid Transit Line ,

Signature International, Lion Posim, Melewar, CSC Steel, Complete Logistics, Leon Fuat, Pimpinan Ehsan, Country Heights, YLI, Uchi, Prestar

The stocks with positive momentum were:
Signature International Bhd up 15.5 sen at 66.5 sen
Lion Posim Bhd up 12.5 sen at 69.5 sen
The stocks with negative momentum were:
Melewar Industrial Bhd up four sen 55.5 sen
CSC Steel Holdings Bhd up three sen at RM1.39
Complete Logistics Services Bhd up 23 sen at RM1.54
Leon Fuat Bhd up five sen at 68.5 sen
Pimpinan Ehsan Bhd down nine sen at RM1.84
Country Heights Holdings Bhd unchanged at RM1.46
YLI Holdings Bhd up four sen at 44.5 sen
Uchi Technologies Bhd up 28 sen at RM3.35
Prestar Resources Bhd up four sen at RM1.08
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum. ....

Kuala Lumpur , Pimpinan Ehsan Bhd , Fuat Bhd , Posim Bhd , Steel Holdings Bhd , Signature International Bhd , Logistics Services Bhd , Country Heights Holdings Bhd , Holdings Bhd , Bursa Malaysia , International Bhd , Industrial Bhd , Ehsan Bhd , Heights Holdings Bhd , Technologies Bhd , Resources Bhd , குவாலா லம்பூர் , போசிம் ப்ட் , எஃகு ஹோல்டிங்ஸ் ப்ட் , கையொப்பம் சர்வதேச ப்ட் , தளவாடங்கள் சேவைகள் ப்ட் , நாடு உயரங்கள் ஹோல்டிங்ஸ் ப்ட் , ஹோல்டிங்ஸ் ப்ட் , சர்வதேச ப்ட் , தொழில்துறை ப்ட் , எஹசன் ப்ட் ,

Complete Logistic, Techna-X, Aeon, Ancom, Amanahraya REIT, Avillion, Country Heights, CSC Steel, Only World, Pimpinan Ehsan

The stocks that indicated positive momentum were:
Complete Logistic Services Bhd – down six sen to RM1.27
Techna-X Bhd – up 2.5 sen to 20.5 sen
The stocks that indicated negative momentum were:
Aeon Co (M) Bhd – up six sen to RM1.19
Ancom Bhd – up eight sen to RM1.31
Amanahraya Real Estate Investment Trust – down 0.5 sen to 66 sen
Avillion Bhd – up 0.5 sen to eight sen
Country Heights Holdings Bhd – down one sen to RM1.45
CSC Steel Holdings Bhd – up eight sen to RM1.41
Only World Group Holdings Bhd – up one sen to 35 sen
Pimpinan Ehsan Bhd – up 33 sen to RM1.82
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum. ....

Kuala Lumpur , Pimpinan Ehsan Bhd , Ancom Bhd , Avillion Bhd , Steel Holdings Bhd , Logistic Services Bhd , World Group Holdings Bhd , Amanahraya Real Estate Investment , Aeon Com Bhd , Country Heights Holdings Bhd , Bursa Malaysia , Real Estate Investment Trust , Heights Holdings Bhd , Holdings Bhd , Ehsan Bhd , குவாலா லம்பூர் , எஃகு ஹோல்டிங்ஸ் ப்ட் , லாஜிஸ்டிக் சேவைகள் ப்ட் , உலகம் குழு ஹோல்டிங்ஸ் ப்ட் , ஊழி கம ப்ட் , நாடு உயரங்கள் ஹோல்டிங்ஸ் ப்ட் , ரியல் எஸ்டேட் முதலீடு நம்பிக்கை , உயரங்கள் ஹோல்டிங்ஸ் ப்ட் , ஹோல்டிங்ஸ் ப்ட் , எஹசன் ப்ட் ,