Shortage: A worker holds steel bars as he walks at the construction site of a new apartment in Jakarta, Indonesia. Steel prices in Malaysia have shot up. — Reuters
FROM a chronic oversupply situation just months ago, there is now a sudden shortage of steel in Malaysia, causing a rapid rise in prices.
The shortage stems from drastically lower imports of the commodity from China, due to the increasing demand for steel there, according to industry experts.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
