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;See omnystudio.com/listener for privacy information.