Struggling Malaysian steelmaker Perwaja ceases operations

Perwaja Holdings Berhad has ceased operations of its steel meltshop and direct reduced iron plant, pending a financial restructuring.


The Malaysian billet producer is currently focusing on working out a restructuring scheme with the appropriate authorities, financial lenders and major creditors, a company spokeswoman confirmed to Steel First on Friday January 10.

Last November, Perwaja issued...

Published

Weilyn Loo

January 10, 2014

10:34 GMT

Singapore

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