Eastern Steel Sdn Bhd, one of Malaysia's major steel producers, has announced that it will start up the country's first hot rolled steel (HRC) mill next month. The move is part of the company's aim to increase its production capacity and consolidate its leadership position in the region.
The company currently has an annual production capacity of 800,000 tons of coke, 120,000 tons of ferroalloys, 2.52 million tons of pig iron and 2.7 million tons of steel billets and slabs. With the new HRC plant, Eastern Steel aims to expand its production portfolio and meet the increasing demand, particularly in the construction, automotive and manufacturing sectors.
Since there is no such HRC production line in Malaysia, Eastern Steel’s new facility stands out as an important investment in the region. With this investment, the company aims to gain a competitive advantage not only in the local market but also in regional markets.
Steel industry experts consider Eastern Steel’s move as an important development that will increase Malaysia’s steel production capacity and strengthen its effectiveness in local and international markets. It is also seen as an investment that will contribute to the growth trend in steel production in Asia.
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