Malaysian steel business is a shame. It survive becos of government. They are enjoying 15% premium in prices compared to international market due to excessive import tariff set by the government. Way to go. Thats why Malaysia still reluctant to open up the metal sheet imports becos of that. They already open up steel bars imports and see what happens to Lion's own Amsteel. From RM1++ till now 8cents. They arent making money when the government doesnt protect them.

If you look at stockist stock, they are dropping each n every year. Honestly, its not easy n having a slump in Proton sales doesnt helps either. The delays in 9th MP also doesnt helps.

The price increase actually only for commodity like gold, silver, nickel, copper and stainless steel. There's is no shortage for mild steel at the moment, and thats what makes up most of our local manufacturers production.