Mycron Steel Bhd CEO Azlan Abdullah talks about the downtrend in business in the last two quarters, the reasons for the decline and his outlook for the year ahead. He also discusses current utilisation rates, capacity expansion, and his demand outlook.
He talks about challenges such as sourcing for quality materials, rising raw material prices, and supply issues.
He discusses new business and expansion to the automotive and the galvanizing sector and the opportunity for Mycron to tap into the import-substitution market.
He also talks about how buyers still have to pay 25 percent import duties on steel imports, discussing the government’s current iron and steel policy and conditions for import-duty exemption.
He also talks about the valuation gap between Mycron and the steel sector in general, its vast discount to net assets per share, his plans to address this gap and in fact whether Mycron a privatisation candidate.

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