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CSC Steel Holdings Bhd recorded a net profit of RM10.49 million for its fourth quarter ended Dec 31, 2023 (4QFY2023), compared with a net loss of RM347,000 in the corresponding quarter a year before that, as revenue grew.
Fashion group Carlo Rino Group Bhd (CRG) has appointed former chairman of Visdynamics Holdings Bhd Vincent Loh as its independent and non-executive chairman, effective immediately.
TOP-level executives from four large long steel companies in Malaysia — Ann Joo Resources Bhd, Malaysia Steel Works (KL) Bhd (Masteel), Lion Industries Corp Bhd and Southern Steel Bhd — have written in to the Ministry of Investment, Trade and Industry (Miti) urging it to scrutinise Alliance Steel...
THE move last week by two local cold rolled coil (CRC) producers — Mycron Steel Bhd and CSC Steel Holdings Bhd — to obtain a judicial review as well as a stay on the Ministry of Investment, Trade and Industry’s (Miti) decision to terminate anti-dumping duty on CRC imports from South Korea and Vie...
The High Court here has granted both CSC Steel Holdings Bhd and Mycron Steel Bhd leave to commence judicial review against the government's decision in June this year to remove anti-dumping duties on cold-rolled coils of iron or non-alloy steel of more than 1,300mm from Korea and Vietnam.
AT a time when most steel millers making long products are finding ways to stay above water as the weak demand is coupled with overcapacity in Southeast Asia, Tan Sri David Law Tien Seng celebrated the completion of Eastern Steel Sdn Bhd’s (ESSB) Phase 2 expansion at its integrated plant in Kemam...
TA Securities has upgraded its recommendation on flat steel products maker CSC Steel Holdings Bhd to "buy" at RM1.23, and raised its target price to RM1.38 (previously RM1.23), based on nine times earnings estimated for the financial year ending Dec 31, 2024 (FY2024), on the back of an improved outlook for the domestic steel industry, following the government’s intervention to address challenges faced by local steel players.
THE financial results of both flat and long steel manufacturers in the first half of 2023 are unlikely to be good, as the energy-intensive industry is being hit hard by the electricity tariff hike for the January-June period.To recap, in ...
PETALING JAYA: The bearish view on the global steel market will likely be prolonged, as steel prices and demand are unlikely to see any favourable improvement, according to CSC Steel Holdings Bhd.
KUALA LUMPUR (Nov 21): CSC Steel Holdings Bhd posted a net loss of RM14.18 million in the third quarter ended Sept 30, 2022 (3QFY22), versus a net profit of RM9.97 million in 3QFY21. This was mainly due to higher raw material prices, the ...