LION Group is finally seeing light at the end of the tunnel in efforts to turn around its loss-making unit - hot-rolled coils (HRC) producer Megasteel Sdn Bhd, which was badly affected by the influx of cheaper imported products into the country
According to its chairman and chief executive officer Tan Sri William Cheng, the group is confident that the recommendations by the Boston Consulting Group (BCG), based on its comprehensive domestic steel sector report, will enable the Government to impose tighter measures as well as plug in the loopholes and leakages in the strategic RM40bil steel sector.
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