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Leader Steel plans to start production of rebars-The 18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
5/4/2017 -steel expo-metal &metallurgy expo- |
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The Star reported that Leader Steel Holdings Bhd plans to start production of steel concrete reinforcing bars for the local construction industry soon. Group managing director Datin Tan Pak Say told StarBiz this was the right time to start production of such reinforcing bars, known also as steel rebars, for the local market.
She said that “The recent imposition of the 13.42% safeguard duty on imported steel concrete bars from 40 countries, which include China, has made it expensive for local hardware companies to buy from overseas. With this safeguard duty in place, the imported steel rebars will find it hard to compete with us. Leveraging on our existing production facilities, we can produce better quality steel rebars at a much more competitive pricing.”
Ms Tan added that the group had yet to decide which of its facilities in the country would be used to produce the steel concrete reinforcing bars.
Leader Steel presently has plants in Bukit Minyak, Sungai Bakap, Kuching and Klang.
She said that “We are now preparing to start production. We can expect this segment of the business to start contributing positively in 2018.”
-The
18th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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