Yet to see signs of a pick-up in demand for downstream steel products. YTD, Kinsteel has yet to see signs of a pick-up in demand for downstream steel products (such as steel bars and wire rod). However, Kinsteel feels that demand for downstream steel products will pick up in 2HFY12/10, underpinned by:
(1) The implementation of the remaining projects under the two stimulus packages;
(2) Increased property development activities; and
(3) More intense restocking activities by steel stockists ahead of the announcement of 10MP.
Kinsteel Berhad : Better Demand Ahead - 10/03/2010
No comments:
Post a Comment