KUALA LUMPUR: Leader Steel Holdings Bhd
(LSH) believes that the international uptrend in steel prices may be sustained right into the third quarter of 2021 (Q321).
In its Annual Report 2020, it said the trending steel prices are due to several factors, namely, extended lead times due to logistics disruptions and capacity resumptions, historically low inventories and higher demand from automobile markets in the United States and Europe.
It noted that Malaysia faces a steel supply shortage due to a lag in price and construction activities.
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