Malaysian Metals Group Sells $ 26 Million Non-Core Asset To Expand Its Participation In Steel Business /
January 8, Kuala Lumpur. Malaysian steel company Lion Industries wants to sell 50 percent of its non-core asset Angkasa Amsteel Pte Ltd to South Korean steel giant Daehan Steel Co Ltd. The aim of the group is to expand the production of sheet steel. The deal, after approval by the company's shareholders, should be completed by the first quarter of this year. Its cost, according to experts, will be more than $ 26 million.
The company is gradually getting rid of the trade in construction fittings as a non-core activity. Its representatives said that the transaction should not lead to any financial changes: neither profit nor loss.
The group first announced its plans to expand its sheet steel production in July 2018. Her intentions are accompanied by the increasing value of the company's shares. Lion Industries' profits rose 6.7 percent last year.
Subscribe to news

Metallurgy news
- 14 May 2025
10:25 Ukraine and the United States signed additional documents on the implementation of an agreement on the supply of minerals - 09 May 2025
13:09 Overview of global production of steel and capacity Meps - 23 April 2025
13:09 The roof for the new stadium of the football club Manchester United will be erected from steel - 14 April 2025
14:24 Turkish exporters must take into account the EU trade adjustments - 07 April 2025
12:11 World markets in free fall, since Trump deepens into a tariff medicine - 29 March 2025
15:33 WorldSteel: World production steel decreased - 26 March 2025
16:47 Electrolux sets the goal of using processed steel - 23 March 2025
13:47 British steel-steelers were faced with the abolition of orders due to American duties on steel
Publications
17.05 Repair of coffee machines from Papakava: Reliable service for your business 17.05 Nonchannya with Elektrobezpeki: hto May pass і yak often 15.05 Internet-store tiles that keramographer 13.05 Clay: the warehouse that power 11.05 Silver jewelry from the manufacturer