New Materials research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 07/25/2013 -- Despite the persistence of several headwinds, Malaysia's metal industries will continue to grow. The recent victory of the Barisan Nasional (BN) in the general election will lend support to the domestic steel industry, while the tin sector will emerge stronger over the coming quarters.
We continue to hold a constructive outlook on Malaysia's steel industry. In our view, the BN's recent victory in the general election was a positive development for the country's long-term political and macroeconomic outlook. We expect growth in the National Key Economic Areas (NKEAs) to remain relatively robust over coming years, lending support to the domestic steel industry. A key threat to steel producers, however, is the influx of cheap steel exports from China. An increasing number of Chinese steelmakers are shifting their attention towards the seaborne market due to sluggish demand and persistent overcapacity in China.
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