"10. A commentary at the date of the announcement of the competitive conditions of the
industry in which the group operates and any known factors or events that may affect the group
in the next reporting period and the next 12 months
Market demand for structural steel products is not expected to improve in the short term as shipbuilding
and construction activities remain sluggish. Mill prices for steel plates are still expected to face
downward pressure in the near term due to excess production capacity.
Demand for pipes & fittings is likely to remain stable in the coming quarters but these products will
continue to face pricing pressure arising from stiff competition in the market.
The redevelopment of 6 Kim Chuan Drive is progressing according to schedule and the property is
expected to complete in 2015.
The Group will continue to exercise prudence in its purchases so that it will not be affected by large
fluctuations in prices. This will allow the Group to be more responsive to its customers’ requirement while
maintaining a sustainable margin for its operation."
alamak, price drop monday for sure!