Steeling for Times Times Ahead

Melewar Industrial Group Group CEO Azlan Abdullah discusses:

- His promotion to the parent and what his fresh scope is;
- Short details on its three divisions: iron and steel, engineering and power;
- Hot-rolled coil prices;
- Effect on margins;
- Plant utilisation rate;
- Construction and consumption activity in Malaysia;
- Demand environment;
- Forecast steel tube sales for FYE 6/2011;
- Update on Cold Rolled Coil steel sheet operations;
- Progress in benefiting from import-substitution market;
- Update on auto sector business;
- Update on CRC-supply job to Perodua and MyVi replacement;
- Iron ore price volatility;
- Dwindling investment (1.6%) in ASX-listed iron ore miner Gindalbie Metals Ltd;
- Melewar putting on hold its 1.3m tpy integrated steel making facility in Lumut, Perak in view of the unavailability of natural gas supply;
- Reports that Baosteel (China’s second-biggest steelmaker), might buy Lion Group's Amsteel and its implications;
- Power business and its 96.1% stake in Siam Power Generation Public Co Ltd (SIPCO) in Thailand;
- Share price at 52wk-lo, selldown by MAA;
- Rumoured privatisation for 55 percent owned Mycron Steel;