On uptrend: Mycron’s steel plant in Shah Alam. Shares in Mycron continues their upward trend, increased by 15 to 90.5 sen a share yesterday.
PETALING JAYA: Shares in some steel manufacturers surged in yesterday’s trade after a three-day break, defying the broader market trend.
The rally in steel counters came following a pick-up in global steel prices. The rally also came shortly after news that the Lion Group’s ailing steel miller, Megasteel Sdn Bhd, had suspended operations at its 17-year-old flat steel production plant in Banting, Selangor.
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