Domestic demand improved, but capacity utilisation capped by inconsistent HRC supply. Despite demand and margins for pipes in the domestic market have improved significantly since Feb 10, Hiap Teck’s capacity utilisation is currently constrained by inconsistent HRC supply domestically. To ensure consistent HRC supply (and hence its ability in raising capacity utilisation to match the improving domestic demand), Hiap Teck is now planning to secure local HRC by giving advance payment to the Megasteel, the sole domestic HRC producer.
Hiap Teck Venture Berhad : Focus Remains On Domestic Demand - 6/5/2010
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